Consumers in the Tallahassee area read about the struggle that credit unions often have when making member business loans (MBL). The Tallahassee Democrat ran a story on Monday that showed how the arbitrary 12.25 percent MBL cap for credit unions and NCUA regulations are stifling lending to small businesses. The story highlighted a local small […]
The LSCU & Affiliates offices in Birmingham and Tallahassee will be closed Monday, Sept. 7 in observance of Labor Day. Offices will re-open on Tuesday, Sept. 8 at regular business hours. Additionally, there will be no eSignal on Monday. The LSCU & Affiliates wishes everyone a safe Labor Day holiday.
Membership in federally insured credit unions grew to 101,084,138 at the end of the second quarter of 2015, an increase of more than three million from the end of the second quarter of 2014. The number of federally insured credit unions fell to 6,159 at the end of the second quarter, 270 fewer than at […]
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 […]
Wednesday morning Apple announced that 18 more credit unions and banks have signed on to offer Apple pay. Among the new credit unions is Envision Credit Union, based in Tallahassee. There are nine total new credit unions offering Apple Pay. Another round of providers is expected to be announced later this month when Apple introduces […]
Alabama Gov. Robert Bentley on Tuesday announced the date of the second special session to address the General Fund Budget. The session of the Alabama Legislature will begin at 5 p.m. on Tuesday, Sept. 8. “The start of Fiscal Year 2016 is quickly approaching, and there is still no General Fund Budget in place for […]