Jim DuPlessis

5 days ago | cutimes.com | Jim DuPlessis

First Community Credit Union of Houston sold $255.1 million in auto loan securities last week, marking the first securitization deal among credit unions so far this year. Like the first one, the sale will help lower its unusually high loan-to-savings ratio. All the loans in the issue that closed May 29 were indirect and 55% were for used cars. All went to borrowers with credit scores of at least 680 and the pool had a weighted average score of 767.

1 week ago | cutimes.com | Jim DuPlessis

That mix includes 1,148 credit unions that lost employees in the first quarter. Those credit unions accounted for $736.2 billion or just 31% of the movement’s total assets. They collectively had 112,570 FTEs on March 31, down 3,013 (-2.6%) from three months earlier and down 2,261 (-2%) from a year earlier. As a percentage of its workforce, the quarter’s biggest job cuts came from Corporate America Family Credit Union (CAFCU) of Elgin, Ill. ($836.5 million in assets, 64,546 members).

1 week ago | cutimes.com | Jim DuPlessis

Credit unions outperformed other lenders in originating commercial real estate loans in the first quarter, but business was unusually brisk for both groups. Credit unions’ first-quarter performance follows a year when other lenders increased their commercial loans backed by real estate at a much faster rate.

2 weeks ago | cutimes.com | Jim DuPlessis

The Bowling Green branch is part of an expansion of its field of membership in northwest Ohio. People attending the May 5 grand opening for Fremont FCU’s new branch in Bowling Green, Ohio. Ohio’s Fremont Federal Credit Union opened its first new branch in seven years this month in Bowling Green, Ohio, 30 miles west of Fremont and 22 miles south of Toledo. The branch at 1200 N. Main Street is Fremont’s seventh branch and its first in Wood County.

2 weeks ago | cutimes.com | Jim DuPlessis |Natasha Chilingerian

That also means that declines or stagnation in aggregate balances will tend to push delinquency and charge-off rates higher. And then there is the special hinkiness of consumers who might (or might not) be spooked by the threat of further inflation from tariffs and higher expectations of a recession. The New York Fed released household debt numbers May 13 that showed an overall plateauing or decline in delinquencies for credit cards and auto loans for all lenders.