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

Tax time is stressful for everyone. Credit unions are offering tax assistance to their members and the NCUA is reminding them to inform their members of the Earned Income Tax Credit (EITC). This tax credit can be extremely welcome, especially to low-income families. Since its inception in 1975, it has been a continual incentive to... read more

Beginning a college career is the halfway mark of life. It is the transitional phase between awkward school dances to being a full-fledged adult in the workforce. Those first four years of university life define and mold the person we will become. We learn responsibility and independence to prepare us for the realities of the... read more

Credit unions across the country have been making a name for themselves in the financial institute industry in recent years. The Credit Union National Association's Economics and Statistics Department (CUNA) recently announced that due to more competitive rates and lower fees, 93.3 million members saved $6 billion a year. Many states have been reporting savings... read more

Credit unions are known to help their members succeed in whatever way possible. This includes offering private student loans for their college-bound members. Everyone understands that attending college requires a financial commitment that can’t always be completely filled without some sort of aid. Students should always try to get as much “free” money from the... read more

The NCUA Board approved the rule that would eliminate the use of credit ratings as a way to determine investment creditworthiness. This rule was brought into play after credit ratings plummeted in today’s economy. Credit Unions will now consider several factors to determine eligibility for investments. The NCUA will provide guidance and advice. This new... read more