Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Mass. CUs set record in mortgage refis grow
MARLBOROUGH, Mass. (2/24/11)--Sparked by a record number of mortgage refinancings in 2010, Massachusetts credit unions are experiencing a period of prolonged growth as they also benefit from a national trend of people turning to credit unions in the wake of the banking crisis. During the past decade, credit union assets in the state have been steadily growing, said Massachusetts Credit Union League President Daniel F. Egan Jr. (The Republican Feb. 13). “After the financial crisis, people have been paying more attention to the financial services industry, and many don’t like what they see,” Eagan told the newspaper. “These people are seeking alternatives.” Massachusetts credit unions saw a 4.6% increase in assets in 2009, and although the closing figures for 2010 haven’t been finalized, Egan told the paper he expects another year of healthy growth. “Credit unions’ growth is being fueled by their commitment to the local community,” he added. The article also mentioned three credit unions in the state: Freedom CU, Springfield; Holyoke (Mass.) CU and Polish National CU, Chicopee. To read the article, use the link.
Other Resources

RSS print
News Now LiveWire
Economic activity slowed in June, according to the #Chicago Fed's national activity index, released today #Market http://t.co/1pN6peM8my
14 hours ago
Money burns a hole in workers' pockets after payday, despite best intentions via @WSJeconomy http://t.co/A9SNiUdf9v
15 hours ago
"SAR Stats," new from #FinCEN, focuses on #bitcoin. See #NewsNow http://t.co/vS7iTwY2SW
16 hours ago
.@CFPB now accepts consumer complaints on prepaid cards, debt settlement services, credit repair services, and pawn and title loans.
17 hours ago
.@WellsFargo to process transactions in order received, not high to low http://t.co/g0jWJoegoJ
17 hours ago