U.S. Credit Union Loans Growing Strong

Credit unions one-up banks in lending in the latest report by the NCUA. The nation's once-sluggish financial platform seems to be gaining traction as credit unions continue to increase lending and memberships. According to data released by the National Credit Union Administration (NCUA), credit unions experienced a 9.8% loan growth during the second quarter of... read more

Helpful Financial Advice for New College Grads

For many recent college graduates, finding a career and starting a professional life can be exciting. It is also a perfect opportunity to gain financial footing. On the other hand, many college graduates face a daunting variety of financial challenges, including substantial student loan debt and a tough job market. It can seem overwhelming for... read more

Credit Unions Celebrate Financial Literacy Month, Highlight Importance of Financial Education

April is Financial Literacy month and credit unions across the nation are doing their part to shed light on the importance of financial education amongst young adults. Money management skills are somewhat lacking in this group despite attempts to improve financial literacy. A recent survey by EverFi and Higher One revealed that college freshmen who’d... read more

Research Shows Baby Boomers More Likely to Purchase New Vehicles

Auto-buying trends are changing thanks to the Baby Boomer generation according to a recent study conducted by the University of Michigan’s Transportation Research Institute. Research shows when it comes to purchasing a new vehicle, baby boomers may have an edge over the potential buying power of Generation Y. Aging vehicles and an increase in disposable... read more

Study Reveals Millenials Working to Build Credit

A common misconception today is that young adults are financially irresponsible, mainly because of their lack of experience in money management. Researchers from the Federal Reserve and Arizona State University suggest that college-aged credit card users are more responsible than middle-aged borrowers. The study indicates a strong relationship between early credit card use and mortgage... read more

Join Us In Celebrating International Credit Union Day

On Thursday, October 17th, 2013, credit unions in 100 countries will celebrate International Credit Union Day. It is a day to proudly recognize the hard work of those working in the credit union industry and to how appreciation for credit union members. Credit unions continue to demonstrate their ability to improve the lives of individuals,... read more

NCUA Files Lawsuit Against Nine Banks For Causing Credit Union Failures

The National Credit Union Administration (NCUA) has filed a lawsuit against the country’s eight largest banks for allegedly selling faulty mortgages which led to the demise of two credit unions. The banks named in the lawsuit include: JP Morgan Chase Morgan Stanley Barclays Credit Suisse Royal Bank of Scotland UBS Wells Fargo Ally Financial Southwest... read more

Credit Unions Nationwide Fight for Federal Tax Exemption

A movement started in Florida called “Hike the Hill” is drawing its sights on Capitol Hill in Washington, D.C. The Credit Union National Association (CUNA) is fighting against the removal of a federal tax exemption for credit unions across the nation. The debate has been in the public arena for years as lobbyists employed by... read more

New Study Shows Younger Americans Are Avoiding Credit Cards

Credit score provider FICO has released a new statistic showing that young Americans are avoiding credit cards. Since the beginning of the recession, the amount of youths living without credit cards has doubled. At the end of 2012, it was reported that the 16 percent of the 18-29 crowd didn’t own a credit card, up... read more

VFCU – They Can Float Your Boat

Summer is the best time to invest in a boat, but finding a way to finance that investment can be difficult. Finding the right loan that fits into your budget, and also has a manageable interest rate can take some time and research. Choosing where to get your loan is also an important aspect to... read more