A top real estate industry trade group got to take a victory lap last week as federal banking regulators announced some rule changes around how banks will be required to deal with a wave of office loans that are maturing just as future demand for office space looks shaky.
A majority of Massachusetts credit unions had double-digit loan growth last year, but the state’s credit unions continued to see one of the lowest returns on average assets in the U.S., according to data released this month by the National Credit Union Administration.
While most Massachusetts credit unions had positive net income in the first quarter, the state’s credit unions continued to lose members at a higher rate than most other states, according to data released this week by the National Credit Union Administration.
Massachusetts had fewer credit unions with positive net income in 2021 compared to the previous year, according to data released last week by the National Credit Union Administration.
Most Massachusetts credit unions had positive net income during the first quarter despite the start of the coronavirus pandemic, according to data released by the National Credit Union Administration.
When compared to traditional credit scores and attributes, cashflow-based metrics appear to predict creditworthiness within the subpopulations at least as well as the traditional metrics.
Massachusetts has fewer credit unions compared to last year, with more than a dozen institutions completing or planning mergers in 2019 under pressure from many of the same forces plaguing banks.
The federal regulator governing credit unions is dramatically increasing the threshold for when an appraisal is required in commercial real estate loans.
Three credit unions in Massachusetts recently received grants from the NCUA.
In a surprising turn of events, Sarah Vega has decided to forego the top job at the Cooperative Credit Union Association and return to her position as chief of staff to NCUA Board Chairman J. Mark McWatters.
The National Credit Union Administration on June 21 will consider a final rule regarding field of membership, a move that bankers are fiercely opposed to.
Federally-insured credit unions continued to see solid growth in the first quarter of 2018.
Following passage of the Dodd-Frank relief package, the board of the National Credit Union Administration has approved a final rule to amend its definition of a member business loan in order to comply with the new law.
The National Credit Union Administration yesterday issued a notice of funding opportunity for low-income designated credit unions through the agency’s Community Development Revolving Loan Fund program.
A federal judge has struck down two provisions in a National Credit Union Administration that makes it easier for credit unions to further expand their membership. The ruling will be seen as a partial victory for the banking industry, which strongly opposed the rule.
Credit unions in Massachusetts continued to perform well in the fourth quarter of 2017, but showed zero growth and potentially even losses in membership.
The National Credit Union Administration on Thursday approved the distribution of of $736 million to eligible, federally insured credit unions in the third quarter of 2018, funds that are available because of the NCUA’s decision in October to close the Temporary Corporate Credit Union Stabilization Fund.
Peabody Municipal Federal Credit Union was the only credit union in Massachusetts to pay a civil penalty for turning in a late call report and missing the March deadline for the second quarter of 2017, according to the National Credit Union Administration.
Frustrated by the unwillingness of House or Senate Republicans to eliminate the credit union tax exemption in either of their tax reform bills, the Independent Community Bankers Association is trying to drum up local support while the issue is hot.
The National Credit Union Association closed the Temporary Corporate Credit Union Stabilization Fund on Oct. 1, meaning the NCUA could distribute between $600 million to $800 million to federally insured credit unions in 2018, barring no significant changes in the economy.
