CU financial advisors found to generate more revenue than bank advisors

Kehrer Bielan Research & Consulting found that the average financial advisor working in a credit union produced $444,873 in investment services revenue in 2014, compared to $440,073 for the average advisor in a large bank broker-dealer. The 2014-2015 Kehrer Bielan Credit Union Investment Services Benchmarking Study drew on data from 917 credit unions with investment […]

48% of credit unions surveyed say auto is top growth segment

TransUnion’s data shows credit union auto loan origination volume grew at a rate more than double the pace of the entire industry. The findings came from a survey of 90 credit union executives that TransUnion released last week also highlighted that institutions’ appetite for auto paper certainly isn’t waning; it’s perhaps even becoming greater. TransUnion’s […]

Thursday reg. relief markup pushed to May 21

On Friday, Senate Banking Committee Chairman Richard Shelby (R-AL) announced that the markup for a regulatory relief bill has been moved to May 21. It was originally scheduled to be marked up this Thursday. However, 10 Democrats on the committee say they wouldn’t vote for it since they have not seen the legislation. CUNA continues […]

Credit Unions Rev Auto-Loan Growth Engines

U.S. credit unions are accelerating their growth in auto lending as the economy improves and many of the financial institutions make a concerted effort to go after car buyers. Credit unions have increased their auto lending by nearly 30 percent since 2012, including a 16 percent increase last year, according to data from Sageworks, a […]

Credit Unions Anyone Can Join

Credit Unions are the underdog of financial institutions. With over 100 million members and $1.1 trillion in assets, credit unions are growing but still pale in comparison to the trillions of dollars in assets held by the big banks. But sometimes, the underdog is the better option, which is often true in the case of […]

Can ‘Lotteries’ at Banks Get People to Save More?

If a bank or credit union invites you to enter a lottery that it says “you just can’t lose,” don’t worry, odds are it’s not a scam or a blatant case of misleading advertising. A law passed late last year is a first step toward allowing banks to set up contests in which consumers can […]