Credit union trade groups are headed to Capitol Hill to talk about federal tax exemptions as Congress takes on tax reform. They will address the House Ways and Means Committee about the importance of tax reform preservation. The Credit Union National Association (CUNA) and National Association of Federal Credit Unions (NAFCU) launched 11 bipartisan groups... read more

Credit union loan growth is still widely attributed to an increase in vehicle loans, according to April reports. The first few months of 2013 showed surprising growth in the loan portfolio that has credit unions excited about consumer behavior. Dave Colby, Chief Economist of CUNA Mutual was surprised by the vehicle loan portfolio's first quarter... read more

Last year, credit unions throughout the country accounted for 80 percent of vehicle loan growth. The 510 largest credit unions with assets ranging from $404 million to $52.4 billion reported an increase in the industry's total vehicle loan portfolio of 15.6 billion, or 9.3 percent, over a 12-month period. The annual growth demonstrated the highest... read more

In 2012, federally insured credit unions reached an impressive $8.5 billion in earnings. The total is up 36.1% from the previous year and marks the highest earnings to date for credit unions. While the total number of credit unions has dropped from 2011, membership has increased by 2.2 percent, which is now at 93.8 million... read more

Credit unions differ from banks in several ways but now they are beginning to offer investment services in an attempt to lure customers away from banks. Along with offering lower fees, lower interest rates and that personal touch, they also offer financial services. Callahan and Associates claims that nearly 30 percent of credit unions across... read more