Tag Archives: Credit Unions

Mortgage lending among credit unions experienced significant gains for the first quarter of the year, but their supervisory agency cautioned that these institutions should monitor risks.

The National Association of Federal Credit Unions VP of Legislative Affairs, Brad Thaler, sent a letter to the Committee on Ways and Means Subcommittee on Tax Policy, urging them to keep the credit union federal tax exemption as they consider tax reform proposals.

NAFCU President and CEO Dan Berger wrote Cordray a letter Thursday asking the Director to exempt credit unions from certain rulemakings.

Credit unions performed extremely well in the fourth quarter of 2015, with the highest share growth since 2009, strongest loan growth in 10 years, and the highest rate of member growth in 30 years.

Although it may seem like large lenders are the only ones that are on top of their game, there is another group of institutions that are making their mark in the industry. Editor's note: This select print feature appears in the February 2016 edition of MReport magazine, available now.

Northwest Federal Credit Union President and CEO Chris McDonald discuss some of the hot-button issues affecting credit union in today's mortgage industry. Editors Note: If you want to read more about what today’s top credit union executives have to say about their businesses, be sure to catch the February 2016 print edition of MReport, where hot topics affecting credit unions will be explored in-depth.

Vince Nowicki, VP of Real Estate Originations at Mission Federal Credit Union shares some insight on the largest issues that credit unions face on a day-to-day and how they are overcoming them.

The TILA-RESPA Integrated Disclosure (TRID) shook the mortgage industry over two months ago, and it's after-effects are still being felt around the industry.

The National Association of Federal Credit Unions, which represents federal credit unions, shared some of the pain points credit unions continue to deal with, while noting that consumer demand at credit unions is up year-over-year.

The Home Mortgage Disclosure Act data collection rules have recently been finalized, but U.S. banks and credit unions are troubled with how to accurately capture the new HMDA-required data fields.