Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Maine CU poll reports top three trends for May
WESTBROOK, Maine (7/6/10)--Continued increase in deposits, more members using core services and more members getting rid of credit cards were the top three trends credit unions identified for May in an online poll conducted by the Maine Credit Union League. The focus was on delinquencies within the past year. About 37% of credit unions responding said delinquencies had stayed the same in May 2009, 33% reported an increase and 30% said they had decreased, the league said in its Weekly Update (July 2). For those that reported a change in delinquencies, 100% said the change was due to an increase in loan charge offs and 18% attributed it to an increase in collections staff. Other results:
* About 16% of credit unions surveyed said delinquencies increased in May over the previous month, while 52% said they stayed the same and 32% said they decreased. * About 50% of the credit unions said lending increased, 30% said lending stayed the same, and about 20% said lending decreased; and * Of those experiencing an increase in lending, 64% reported a hike in mortgages and auto loans, 50% reported increases in home equity lines of credit and 7% saw increases in member business loans--7%.


RSS





print
News Now LiveWire
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
16 hours ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
17 hours ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
19 hours ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
21 hours ago
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
22 hours ago