MONEY names credit unions among country’s top financial institutions

November 27th, 20170123 MONEY recently featured 13 credit unions among its list of best financial institutions in each U.S. state. The reporters combed through data on the largest 90 brick-and-mortar banks, 50 credit unions and 15 online banks identified by the bank consultancy firm called Novantas, according to the article. Based on factors including fees, interest rates and account requirements, MONEY selected the best financial institution in each state. “To pick the champions, we required minimum balances that were $1,500 or less, and we assumed that you could put up with online statements to avoid fees,” according to the MONEY article. MONEY named...

EU works with credit unions to better business lending

November 17th, 201728127 Recently, European Union officials sat down with industry advocacy groups to discuss how the governing body could help credit unions increase lending to small- and mid-size businesses. According to a WOCCU press release, the Nov. 7 meeting in Brussels was constructive. Members of the European Parliament and European Commission – two branches of the European Union –  talked over EU-backed solutions to credit union’s business lending concerns. It was a different conversation than the one credit unions officials are having with law makers in the United States,  where federal regulation blocks CUs from lending more than 12.25 percent...
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