Author: BauerFinancial | Page 7

More Bank Regulation Means More CUs Buying Banks

Since the beginning of 2022, 20 credit unions have completed bank acquisitions; several more acquired just branches. More bank regulations only serve to compound this phenomena. Page 5 of this week’s Jumbo Rate News includes the 20 credit unions that acquired…

Deposits moving from one institution to another

Credit Union Share (Deposit) Growth

After the three fairly large and very public bank failures earlier this year, we heard much anecdotal evidence that deposits fled from banks to credit unions. Credit Union deposits did, indeed grow by 2.13% in the first quarter. Bauer’s LLAMAS…

Bank Growth Has Taken Flight

In the past 20 years, the number of banks in the United States has been cut in half while industry assets have grown by 163%. Some of this is due to mergers and acquisitions as the industry has consolidated. Upon…

Piggy Bank losing ground to interest rates on see saw

U.S. Credit Card Debt Surpasses $1 Trillion

Household Debt in the United States has increased 53% in the past 10 years and consumers are becoming less optimistic about their financial futures. There are 53 banks that saw their consumer loan portfolios grow at least 2.5% during the…

All New Credit Union Star-Ratings Available

Credit Unions posted double digit increases in all major loan categories over the 12 month period ending June 30, 2023. However, delinquencies and charge-offs are also on the rise. So, much like we reported with banks last week, the 51…

Asset Quality Shows “Modest Deterioration”

On Thursday (9/7/23), the FDIC finally released its Quarterly Banking Profile (QBP) detailing the banking industry at the close of the second quarter 2023. In the FDIC reported that “Asset quality metrics remained favorable despite modest deterioration.” As an industry…