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Aaron Passman is the editorial director at Callahan & Associates, overseeing the company’s online and print publications. He spent more than a decade as a journalist before joining Callahan, and his extensive experience covering the credit union industry includes serving as a reporter and editor for Credit Union Journal and overseeing its 2020 merger into American Banker. Aaron holds a Bachelor’s degree from the University of Kansas and lives near Kansas City with his family.
Think there’s no room for creativity in banking? Think again. These stories from the last month reveal a host of new ways credit unions are finding to serve members and make a difference in their communities.
First mortgage originations at credit unions have risen substantially in the last decade, a period in which median home values have nearly doubled.
Strong loan growth combined with increased investment and fee income helped propel credit union net income during the first quarter.
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New loan products from DCU and Service Credit Union could help provide a wider range of mobility options for disabled consumers.
Despite all the challenges associated with buying a car right now, more consumers than ever are turning to credit unions for auto loans.