article thumbnail

Credit union membership, lending up in Q2

Abrigo

Last week the NCUA reported that the total number of credit union members had surpassed the 101 million mark, and overall lending was up as of the close of Q2. Total lending at federally-insured credit unions reached $745.2 Auto lending has been an area of growth for credit unions over the last several quarters. billion, up 3.9

Lending 150
article thumbnail

Never A Dull Moment: The Wild Week With CurrentC, Uber And Lending Club

PYMNTS

CurrentC has announced its curtain call, Uber moved to sweeten the deal for its drivers and Lending Club proved the firm is far from out of surprises. We want to say a special thank you to everyone who participated in our CurrentC beta test in Columbus, OH! Lending Club — Never A Dull Moment. What’s worth watching?

Lending 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

DOJ announces $9 million agreement to resolve redlining allegations against Park National Bank

CFPB Monitor

Department of Justice (DOJ) that it engaged in unlawful redlining practices in the Columbus metropolitan area by not providing mortgage lending services to majority-Black and Hispanic communities from 2015 to 2021. . Continue Reading

article thumbnail

The Balancing Act Between PPP’s Letter And Spirit Of The ‘Law’

PYMNTS

They are doing it because they can,” said Chris Olsen, a venture capitalist with Drive Capital Partners in Columbus, Ohio, in an interview with the Times. On Monday (April 27), The New York Times reported that well-funded startups, some of them flush with recent investment rounds, had also applied and received federal loans under PPP.

Columbus 149
article thumbnail

Huntington bets economic rebound, cost savings will justify TCF deal

American Banker

The Columbus, Ohio, company says it has delivered on M&A promises before, and many observers say its deal for rival TCF Financial is an opportunistic move in its bid to build a Midwestern powerhouse. But others questioned whether Huntington's cost-cutting and profit expectations are too optimistic.

article thumbnail

Synovus sells $373M in auto loans as balance sheet reduction continues

American Banker

The Columbus, Georgia-based company has said it's "proactively optimizing the balance sheet" to position itself for long-term growth. The deal with private equity firm KKR follows an earlier announced sale of $1.3 billion in medical office loans.

article thumbnail

Analyst Insights: Two Banks that Deliver to Shareholders

Jeff For Banks

billion bank from Columbus, OH are very valuable. Entered Indianapolis on 5/2021, a top 2 Midwest market with Columbus, another market $CFBK is in. In 2018, started its LIHTC lending line. But the pursuit of shareholder value need not be a zero-sum game, if executed correctly. i.e. not at the expense of stakeholders. CFBK) a $2.1

Columbus 106