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Experian Automotive reports that interest rates for new vehicle loans dropped to 4.27 percent, and according to its latest State of the Automotive Finance Market report, car buyers took advantage of the lower rates in Q3 2013 to help obtain larger loans.
Total bankruptcy filings in the U.S. for November 2013 decreased 15 percent compared to the previous year, according to the American Bankruptcy Institute.
Credit unions and chapters wishing to apply for grant assistance from the Cornerstone Credit Union Foundation should make note of the 2014 grant deadlines, says Foundation Executive director Courtney Moran.
Find out what's going on wtih members of the credit union movement.
Dick Ensweiler, president and CEO of the Cornerstone Credit Union League, says he thought he knew pretty much everything he needed to know about working in the credit union movement.
The Filene Research Institute is hosting four webinars this month, one for each of the products in the Ford Foundation/Filene Accessible Financial Services (AFS) Incubator.
A new analysis of state-level data for federally insured credit unions finds strong growth in loans and membership in the year ending Sept. 30, 2013, according to the National Credit Union Administration.
The number of banking institutions in the U.S. has dwindled to its lowest level since at least the Great Depression, as a sluggish economy, stubbornly low interest rates and heightened regulation take their toll on the sector, reports The Wall Street Journal.
The Federal Credit Union (FCU) Peer Group Statistics Profitability and Capitalization Report is updated twice a year and is available on the Cornerstone Credit Union League website.
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