#loans

Credit Unions See Q2 Mortgage Growth And Setbacks

The second quarter of 2021 saw credit unions gain more footing in the mortgage market, but overall growth remains minimal. According to the most recent CUNA Mutual Credit Union Trends Report, fixed-rate first mortgage loan balances grew 1.8% in June, faster than 1.3% reported in June 2020. Additionally, credit unions, as of June of this […]

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 […]

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