Natasha Chilingerian

1 week ago | cutimes.com | Natasha Chilingerian

Credit: Art_Photo/stock.adobe.com WESTJohn Faries The $1.3 billion, Glendale, Ariz.-based Credit Union West hired John Faries as vice president of finance and accounting operations. Faries brings more than 20 years of industry service, as well as extensive asset liability management (ALM) expertise and balance sheet management experience. He previously served as CFO for Pivot Lending Group, and as president/CEO of Columbine Federal Credit Union ($64 million, Centennial, Colo.).

1 week ago | cutimes.com | Natasha Chilingerian

A look at branches that serve communities with the lowest household incomes – plus the low-income zip codes that could use a CU branch. Rural road in New Mexico. (Credit/AdobeStock) In April 2024, GOBankingRates released this list that includes the 10 “poorest” zip codes in the country, based on mean income, median income, total household population and various household populations by income levels sourced from the latest U.S. Census American Consumer Survey.

1 week ago | cutimes.com | Natasha Chilingerian

Lauren Culp, the new Executive Director of the National Credit Union Foundation, shares her strategic priorities. In her just over 12 years in the credit union industry, Lauren Culp has risen from working as an associate at an Alaska credit union to leading the Filene Research Institute’s Cooperative Trust, to serving as President/CEO of CUInsight.com and finally as Executive Director of the National Credit Union Foundation - the charitable arm of the U.S. credit union movement.

1 week ago | cutimes.com | Natasha Chilingerian

Credit/AdobeStock EASTRobert Eydenberg The $3.3 billion, Chelsea, Mass.-based Metro Credit Union promoted Robert Eydenberg to SVP retail administration. In his new role, he oversees all retail banking operations and ensures the effective and efficient delivery of Metro’s financial products and services to its members.

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.