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Wells Fargo Shut Down Opens New Opportunity For Credit Unions

Wells Fargo recently announced that it’s shutting down all existing personal lines of credit in the coming weeks and has stopped offering new lines of personal credit. This particular product was very popular with the bank’s customers, and this shutdown has, not surprisingly, angered a lot of them. What makes this cancellation all the more […]

Mortgages Drove Credit Union Loan Originations in Q1

The numbers for Q1 2021 have come in, and overall, credit unions saw strong growth in their loan portfolios! Credit Union Times reported in May that first-mortgage originations were the driving force for the loan growth this past quarter with a grand total of $75 billion, up 49% from Q1 2020. While these numbers are promising, the […]

Are Americans, And Their Wallets, Ready For Summer Vacation?

Summer is upon us, and many Americans are ready to get outside and do the things they were not able to do last year during the pandemic. According to a report from CNBC, nearly 70% of Airbnb searches for Memorial Day weekend 2021 are for off-the-beaten-path locations that are 50-300 miles from travelers’ homes. However, travel […]

Homeownership and Savings Struggles, But There’s New Hope

As we’ve passed the one-year mark into this global pandemic, we are now beginning to see the full scope of the damage it has done financially. According to a survey conducted by Real Estate Witch, 43% of respondents currently don’t have any emergency savings. As for those who do still have some savings stashed away, a […]

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