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.
More than 80 percent of Connecticut’s credit unions had positive net income in 2022, and a majority had double-digit loan growth last year, according to data released this month by the National Credit Union Administration.
While credit union membership has declined, Connecticut’s credit unions had one of the highest returns on average assets in the U.S., according to data released last week by the National Credit Union Administration.
While most Connecticut credit unions had positive net income in 2021, the state’s credit unions had one of the lowest returns on average assets in the U.S., according to data released last week by the National Credit Union Administration.
Connecticut’s share of credit unions with positive net income was among the lowest in the U.S. in 2020, although a majority of the state’s institutions did see positive income, according to data released last week by the National Credit Union Administration.
Connecticut had a lower share of credit unions with positive net income during the first quarter compared to most other states in the U.S., according to data released last week by the National Credit Union Administration.
The former CEO of New Haven County Credit Union was sentenced to two years of supervised release for participating in a scheme to transfer credit union funds to an East Haven restaurant.
The federal regulator overseeing the credit union industry said lenders he oversees won’t be punished for providing services to marijuana businesses in compliance with state laws.
The federal regulator governing credit unions is dramatically increasing the threshold for when an appraisal is required in commercial real estate loans.
Using strong language, the banking industry’s largest trade group is asking the national agency that regulates credit unions to conduct a “top-to-bottom assessment” of the nonprofit lenders.
Torrington Municipal and Teachers Federal Credit Union and Consolidated Control Corp. Federal Credit Union recently received grants from the NCUA.
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 rule 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 Connecticut showed marginal growth in the fourth quarter of 2017 in terms of assets, deposits and 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.
James Farrell, the former CEO and president of New Haven County Credit Union, has agreed and consented to comply with the terms of a prohibition order from the National Credit Union Association to settle and resolve all claims against him.
Hartford-based CT1 Media Credit Union was the only credit union in Connecticut 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.
