CUNA Mutual Group recently released its April Credit Union Trends Report, compiled with data from February 2019. The report found that credit union loan balances rose 0.1 percent in February, slower than the 0.2 percent pace reported in February 2018, and 8.6 percent during the last 12 months.
The NCUA board of directors held its fourth open meeting of 2019 yesterday and agreed to solicit comments on whether the agency should change rules that limit credit unions from connecting an employee’s compensation to loans to members and lines of credit.
The New York Credit Union Association’s Statewide Scholarship Program will provide $21,500 in financial assistance to 30 college-bound high school students. The students represent 18 New York credit unions and 10 chapters from throughout New York.