Heading Into A Merger? A Loan Portfolio Review is a Good Idea

While credit union mergers and acquisitions (M&A) are relatively uncommon occurrences—in 2020 there were just 136 credit union mergers and just 5 bank acquisitions by credit unions—they are high-dollar agreements with a lot of room for ambiguity and interpretation.  When credit unions are being merged and acquired, the terms are…
Megan Horn
October 7, 2021
Credit Scores

Why FICO Scores are Up

After a year since COVID struck the U.S., FICO credit scores are up—a lot. For the past decade, the average FICO score has grown at around one point per year. In 2020, despite record unemployment, the average FICO score in the U.S. climbed seven points—from 703 in 2019 to 710…
Megan Horn
September 8, 2021

What the 2020 HMDA Data Says About Credit Union Lending

The Home Mortgage Disclosure Act (HMDA) requires financial institutions to maintain, report, and publicly disclose loan-level information about mortgages. The reported data: Helps show whether lenders are serving the needs of their communities Is used to inform government decisions and policies Sheds light on potentially discriminatory lending patterns HMDA data…
Megan Horn
August 6, 2021

Three Takeaways from the Q1 NCUA Data

The National Credit Union Administration (NCUA) released its Q1 2021 data. Here are some key performance indicators: Total loans outstanding increased $49 billion, or 4.4%, over the year ending in the first quarter of 2021 to $1.17 trillion. Total assets rose by $311 billion, or 19%, over the year to…
Megan Horn
July 13, 2021

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