Tag: credit union

Capital and Risk, Credit

North Dakota credit unions want their slice of the ‘resolution’ pie

September 9, 2022

Via: American Banker

The National Credit Union Administration continues to distribute recovered funds to credit unions across the country, but some in North Dakota believe they are being disregarded and deprived of more than $10 million. The NCUA Aug. 29 said it will […]

Activity, Capital and Risk, Corporate Banking, Credit

Arizona deal marks 5th credit union purchase of bank in 2022

March 14, 2022

Via: Banking Dive

Buying Horizon would give Arizona Federal six new locations and help it expand into the western half of the Grand Canyon State. The bank held $539.5 million in assets, $259.9 million in loans, $471.7 million in deposits and $43.4 million […]

Capital and Risk, Credit, Regulations

Credit Union Client Alert – Wells Fargo Must Pay $250 Million Fine

September 14, 2021

Via: JD Supra

The Office of the Comptroller of the Currency (OCC) issued a $250 million civil penalty against Wells Fargo Bank, NA for flaws in the bank’s home loan loss mitigation program. In addition, the OCC issued a cease-and-desist consent order requiring […]

Capital and Risk, Credit

Salesforce invests in nCino

January 31, 2018

Via: Finextra

NCino, the worldwide leader in cloud banking, today announced that its customer portfolio now includes more than 180 financial institutions across multiple countries, including 10 of the top 30 U.S. banks by asset size and Navy Federal, the world’s largest […]

Capital and Risk, Credit

Fintechs Have a Larger Share of Personal Loans than Banks or Credit Unions

November 27, 2017

Via: Bank Innovation

Fintech lenders are making significant gains in the personal loan space, according to a recent TransUnion report, which follows the staggering growth of fintech lenders in the market over the past few years. The report, called Fact versus Fiction: FinTech […]

Activity, Insurance

What’s the Difference Between a Credit Union and a Federal Credit Union?

July 22, 2016

Via: GOBankingRates

When comparing credit unions you might notice that some are referred to as “federal” credit unions and others are not. The important distinction between federal credit unions and a non-federal credit unions is how they’re insured and regulated. Apart from the […]