Credit Unions See Widespread Growth

first_imgHome / Daily Dose / Credit Unions See Widespread Growth Previous: January Housing Demand Hits 4-year Peak Next: Morgan Stanley Questions Early Rate-hike Signals  Print This Post Credit Unions See Widespread Growth Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago March 6, 2017 1,159 Views Credit unions are growing—both in membership and in deposits, according to recent data from the National Credit Union Administration (NCUA).NCUA’s Q4 2016 data, released this morning, shows deposits up 7.5 percent over the year, up to $1.09 trillion. Membership was also up for the year, jumping 4.1 percent from Q4 2015. Total membership in federally insured credit unions is now up to 106.9 million.Total credit union lending and member business lending both increased as well, jumping 10.4 percent (to $869.1 billion) and 14.3 percent (up $62.4 billion) respectively. Total lending was just $787 billion in 2015.Real estate loans, in particular, saw growth amongst credit union lenders. They rose 8.6 percent over the year, totaling $431.1 billion for the quarter. Auto loans rose 14 percent, and student loans increased by 9 percent.Other important statistics noted in NCUA’s data report include:Total credit union assets rose 7.3 percent, up to $1.29 trillion from 2015’s $1.2 trillion.The industry’s loan-to-share ratio rose to 79.5 percent, a jump of 2.1 percentage points over the year.Net income grew 10.6 percent, reaching $9.6 billion for the entire year—a $0.9 billion-dollar jump over 2015.Delinquency across credit unions remained steady at 83 basis points—just 2 points above 2015’s Q4 numbers. The net charge-off ratio rose from 48 basis points to 55.The return on average assets was 77 basis points, up 2 points from 2015. Credit unions designated as low-income rose from 2,297 to 2,491.According to Dan Berger, President and CEO of the National Association of Federally Insured Credit Unions, the NCUA’s data proves credit unions are doing their job right.“The year-end figures demonstrate credit unions’ solid commitment to providing excellent products and services to their members,” Berger said. “This data shows credit unions are maintaining healthy growth by doing what they do better than any other providers: focusing on the financial needs of their member-owners and keeping members’ interests as their top concern.”One of the few statistics to decline, according to the NCUA’s data, was the number of federally insured credit unions, which dropped from 6,021 to 5,785 year-over-year. To view the full data report, visit NCUA.gov. The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: credit Credit Unions NCUA Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Market Studies, News Demand Propels Home Prices Upward 2 days ago credit Credit Unions NCUA 2017-03-06 Staff Writer Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Staff Writer Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more

"Credit Unions See Widespread Growth"

Water bottle challenge gains momentum on College’s campus

first_imgCatholic Relief Services and Saint Mary’s’ environmental studies department are promoting the use of reusable water bottles and containers on and off campus by organizing a water bottle challenge.The challenge was created by two sophomores, Gabriella Garcia and Ana Liu, and English professor Aaron Moe and has been gaining traction among students and faculty.“[Garcia] and [Liu] are taking my Native American literature course,” Moe said. “In that course, I shared my interest in something like a water bottle challenge. They came and talked to me after class and shared their work with Catholic Relief Service, so we decided to work together to sponsor this water bottle challenge.”Interested students can fill out a Google Form with their name and the amount of time they wish to participate in the challenge — one, three and six months, or a full year. The form also lists specific ways participants can reduce the use of single-use plastics, like using reusable containers instead of disposable plastic bags.“The water bottle challenge specifically challenges those participating to not drink from single-use plastic,” Garcia said. “One could take their own liberties on what they consider single-use. The main goal for us is to reduce the use of single-use plastics as much as possible. I participate by only drinking out of reusable containers, and I will also try to not eat anything that comes packaged in single-use plastic in order to reduce my contribution to the plastic industry.”Over 142 students, faculty and others have signed up to participate in the challenge so far. The motto of the challenge, “Not even a sip from a single-use container,” promotes the discussion behind its purpose, Moe said.“When we recycle, we feel like we are being green when really we should be reducing,” he said. “[We learn] ‘Reduce, reuse, recycle,’ [the] last resort being recycle and throw away. The water bottle challenge is geared towards reducing and not even recycling it. By the time we recycle, that should be a last resort. We should try to find alternatives before it even gets to that point.”Students can pick up a sticker supporting the water bottle challenge Friday from 11 a.m. to 2 p.m. in the Student Center Atrium.“If a student picks up a sticker, it symbolizes that they recognize that there is a problem,” Garcia said. “Hopefully they see changes that they can make in their life to lessen their plastic footprint.”Tags: catholic relief services, environmental studies, reduce, water bottle challengelast_img read more

"Water bottle challenge gains momentum on College’s campus"

ACC : Getting familiar with the Atlantic Coast Conference

first_img Facebook Twitter Google+ North Carolina StateJoined ACC: May 8, 1953Strengths: Women’s basketball, swimming and divingWeaknesses: Men’s basketballLike the other three ACC schools from North Carolina, the Wolfpack is an original member of the conference.NC State is most famous for the 1983 men’s basketball season, when Jim Valvano’s Wolfpack upset Houston in the 1983 NCAA championship game. It’s one of two national titles all-time for the men’s basketball program.The Wolfpack’s swimming and diving program is very impressive. It has produced seven men’s individual national champions and 75 All-Americans. NC State’s wrestling team has won 14 ACC titles as well. The volleyball team has won 12 straight games this season, setting a school record.The football program experienced a recent run of success behind quarterback Russell Wilson, but his transfer to Wisconsin has set this year’s team back. The Wolfpack hasn’t won the ACC title in football since 1979. Comments Before Florida State joined the ACC, the football program was independent. Its other programs competed in the Metro Conference until it became the ninth member of the ACC.FSU boasts a proud history in college football under legendary head coach Bobby Bowden, who started more than a decade before the program moved to the ACC. In Bowden’s 34 years, FSU finished in the Top 5 of the AP Poll 14 straight times and won two national championships.The Seminoles’ baseball program has been to 20 College World Series but has yet to win the title. FSU has won at least 43 games every season since 1978 and has never had a losing season in its history.FSU has also has a rich history on the softball diamond. JoAnne Graf, the Seminoles head coach from 1979 to 2008, retired as the winningest coach in NCAA history. Her teams won 1,437 games and went to the Women’s College World Series seven times. Florida StateJoined ACC: July 1, 1991Strengths: football, baseball, softballWeaknesses: none — Compiled by The Daily Orange Sports staff Georgia Tech left the Metro Conference well before Florida State to become the eighth member of the ACC.The Yellow Jackets enjoyed success on the gridiron from 1995 to 2001 under George O’Leary and have been consistent since he left. Now, running Paul Johnson’s option attack, Georgia Tech has been a top program in the conference. The team won the 2009 ACC title outright for the first time since 1990* and has been to a bowl game in 14 straight seasons.The women’s tennis team won the 2007 national championship — the first NCAA title in any sport for Georgia Tech. The program also won three straight ACC regular season and tournament titles from 2005-07 and the regular season title in 2008.The men’s basketball program has had flashes of greatness, but it hasn’t been a consistent winner. The Yellow Jackets have been to the NCAA Tournament four times in the last decade. Georgia Tech only advanced past the second round once in that time when it made it all the way to the 2004 national championship game and lost to Connecticut 82-73. Despite this success, the program is not on the same level as conference powers North Carolina and Duke.*The 2009 title was later vacated North CarolinaJoined ACC: May 8, 1953Strengths: Men’s basketball, women’s soccer, baseballWeaknesses: NoneJust like its rival, Duke, North Carolina is an original member of the ACC. And in an overarching look at all of the conference’s collegiate sports, the Tar Heels come out as the most successful. In all sports combined, UNC’s 37 NCAA championships and 248 ACC titles trump every other team in the conference.It starts with men’s basketball, the most iconic sport at UNC. North Carolina has produced future NBA stars Michael Jordan and Vince Carter. The Tar Heels have won 28 ACC regular-season championships and five national titles, most recently in 2009.But the most successful sport at UNC is women’s soccer, with an incredible 21 national championships. UNC is the alma mater for Mia Hamm. The Tar Heels have won 20 of 29 total NCAA titles.The Tar Heels have also had success in men’s lacrosse, baseball, field hockey and women’s basketball. The baseball team has reached the College World Series in five of the past six seasons.center_img Georgia TechJoined ACC: April 3, 1978Strengths: football, women’s tennisWeaknesses: basketball Wake ForestJoined ACC: May 8, 1953Strengths: Field hockey, women’s soccerWeaknesses: Basketball, baseballWhile the Demon Deacons are an original member of the ACC and have had success in the conference’s history, their number of championships is trumped by the totals of two out of the three North Carolina schools. Sometimes that overshadows what Wake Forest’s sports programs have accomplished.The Demon Deacons’ football and men’s basketball programs have been down in recent years, but both were strong programs prior to the current slump. The football team is five years removed from its second ACC title. The men’s basketball team had a stretch of 16 straight postseason appearances, concluding with a National Invitation Tournament berth in 2006.On a national stage, the Demon Deacons’ field hockey team has been its best performer. Wake Forest won the national title in field hockey three straight years from 2002-04. The only other national championship for Wake Forest athletics in the 21st century is a men’s soccer title in 2007.Most of Wake Forest’s programs have struggled in recent seasons. The baseball team went just 25-31 last season, and the men’s soccer team is right around .500 so far this season.MarylandJoined ACC: May 8, 1953Strengths: Basketball, men’s soccer, men’s lacrosseWeaknesses: Women’s soccerThe Terrapins were one of the seven charter members of the Atlantic Coast Conference when it was founded in 1953.Since the 1980s, Maryland has been one of the basketball powerhouses of the ACC, constantly in battles with Duke and North Carolina for the conference championship. The team reached the NCAA Tournament seven times in the 1980s, six times in the 1990s and eight times in the 2000s.The Terrapins won the national championship in 2002 under head coach Gary Williams. During his tenure from 1989 to 2011, Maryland reached the Final Four twice and had eight All-Americans.The men’s soccer team is currently ranked No. 1 in the country and has a rich tradition in the ACC. The Terps were national co-champions in 1968 and won the NCAA tournament outright in 2005 and 2008.Men’s lacrosse has won two national championships, in 1973 and 1975. The team has made the NCAA tournament in each of the past nine seasons.Women’s basketball also won a national title in 2006, the field hockey team has captured six NCAA titles and the women’s lacrosse team has 10.VirginiaJoined ACC: Dec. 4, 1953Strengths: Men’s lacrosse, women’s lacrosse, men’s swimming and divingWeaknesses: Men’s basketball, footballVirginia joined the ACC seven months after the conference formed to become the league’s eighth team.Like Syracuse, the Cavaliers have one of the best men’s lacrosse programs in the country. The team has won five national championships, including the 2011 title. Head coach Dom Starsia took over in 1993, and he has guided the Cavaliers to four of those NCAA titles.Since 1978, Virginia men’s lacrosse has missed the NCAA tournament only four times.But in the two major sports, the Cavaliers struggle. Since 2006, the football team has had just one winning season and one bowl appearance. Virginia is 7-10 all-time in bowl games.Men’s basketball has made two Final Four appearances, but not since 1984. The program has almost as many National Invitational Tournament appearances (13) as NCAA Tournament appearances (16).The men’s soccer team has made the NCAA tournament 31 years running and has six national championships.Women’s lacrosse has made the tournament every year since 1996. The program has captured three national titles since 1991.The men’s swimming and diving team won eight consecutive ACC championships from 1999 to 2006.Virginia TechJoined ACC: July 1, 2004Strengths: Football, men’s soccer, baseballWeaknesses: Basketball, women’s soccerVirginia Tech joined the ACC in July 2004 after leaving the Big East. It joined on the same day as Miami, as the conference expanded to 11 teams.The Hokies’ most notable contribution to the conference is without a doubt on the football field. Under head coach Frank Beamer, who is in his 25th year at the helm, Virginia Tech has won four ACC championships since its arrival. The team also won three Big East titles under Beamer.Throughout the years, Virginia Tech has produced NFL players Michael Vick, Brandon Flowers, DeAngelo Hall and Eddie Royal.Men’s soccer has also been a strength for the Hokies since the arrival of former head coach Oliver Weiss in 2002. He’s guided Virginia Tech to its only four NCAA tournament appearances in school history, including a trip to the College Cup in 2007.Under Seth Greenberg, the men’s basketball team has been an NCAA bubble team almost every year. The Hokies have narrowly missed the big dance every year since 2007.Legendary baseball head coach Chuck Hartman retired in 2006 after 28 seasons with Virginia Tech. He won more than 950 games at Virginia Tech and surpassed 1,400 career wins overall.Boston CollegeJoined ACC: July 1, 2005Strengths: Men’s ice hockey, football, women’s soccerWeaknesses: Field hockey, men’s tennisBoston College became the 12th team to officially join the ACC in 2005. The Eagles accepted their invitation in 2003, deciding to leave the Big East.The men’s ice hockey program is arguably the most accomplished team at the university. The Eagles were national champions in 2010 and have won four NCAA titles overall.The team has reached the Frozen Four nine times since 1998.Since 2000, the football team has appeared in a bowl game every year and won eight of them. Overall, the Eagles have won one conference title, a Big East championship in 2004.Notable football alumni include Matt Ryan and Doug Flutie, who took home the Heisman Trophy in 1984.The men’s basketball team was most successful during the 1980s, when it reached the Sweet 16 two times and the Elite Eight once. Former head coach Jim O’Brien is credited with rebuilding the team into a national power.The team then struggled in the 1990s but returned to the Sweet 16 in 1996 for the first time in 11 years. The Eagles have won two Big East championships in their history but have never reached the Final Four.Men’s soccer has reached the NCAA tournament in each of the past four seasons, while the women’s team has gone in each of the past eight seasons. The women have reached two Elite Eights and seven Sweet 16s.Men’s tennis is arguably the weakest sport for the Eagles. The team went winless in conference play last year at 0-11.   The Tigers were one of the seven charter members of the Atlantic Coast Conference when it was created in 1953. Clemson football hasn’t won the title since 1991. The Tigers also won the 1981 national championship. Clemson Memorial Stadium, which has become known as Death Valley, has become one of the top atmospheres in college football.Clemson has also boasted multiple track and field national champions in the last decade. The track and field program has also captured 10 Olympic medals.The baseball team is among the best in the country and has been to the College World Series 12 times. The men’s golf team captured the 2003 national title and finished second in the country in 1998 and 2001.The basketball team has been to the NCAA Tournament in each of the last four seasons, but it lost in the Round of 64 in all four appearances. Before that, the Tigers hadn’t been to the tournament since 1998. Published on September 19, 2011 at 12:00 pm MiamiJoined ACC: July 1, 2004Strengths: football, baseball, women’s tennisWeaknesses: basketballMiami came to the ACC from the Big East with Virginia Tech.Miami has been a college football powerhouse since Howard Schnellenberger arrived in 1979. The Hurricanes have won five national championships since 1983 and produced 67 NFL players since 1999. Andre Johnson, Ray Lewis and Ed Reed are just a few former Hurricanes who have gone on to have Pro Bowl careers. From 2000-02, Miami won 34 straight games, the sixth-longest streak in college football history at the time.The program is currently trying to regain that lofty status under first-year head coach Al Golden. But it is also dealing with allegations that a booster provided players with benefits ranging from money to luxury nights on the town from 2002-10.The baseball program has also been a consistent national power. The Hurricanes have won four national championships and hold the NCAA record for consecutive postseason appearances with 39.The basketball program, on the other hand, has been to just one NCAA Tournament in the last seven seasons. New head coach Jim Larranaga is looking to change that trend as he takes over. Larranaga led George Mason’s Cinderella run to the Final Four in 2006.DukeJoined ACC: May 8, 1953Strengths: Men’s basketball, men’s lacrosse, women’s golfWeaknesses: FootballDuke is a founding member of the ACC, joining at the creation of the conference in 1953. In the 58 years since, the Blue Devils have established themselves as one of the cornerstone athletic programs in the conference, specifically in men’s basketball. In the last 31 seasons under head coach Mike Krzyzewski, Duke has won four NCAA Tournament championships, 12 ACC regular-season titles, 13 ACC conference tournament titles and reached 11 Final Fours.The Blue Devils are very successful in an array of other sports as well. Duke’s men’s lacrosse team captured the 2010 NCAA title with a win over Notre Dame. The school’s tennis program for both men and women is among the best in the country, with 28 ACC titles combined in school history.The women’s golf team is also one of the most successful Duke programs. The Blue Devils captured every ACC championship from 1996-2008. Duke’s women’s basketball team has won the conference in each of the past two seasons, its best run since taking five in a row from 2000-04.Football has been the Blue Devils’ drawback sport. The team hasn’t been to a bowl game since 1995 and has not won a bowl game since 1961. Editor’s note: With Syracuse’s move to the Atlantic Coast Conference, many of the Orange’s traditional rivalries will cease to exist. Games against Georgetown and Villanova will become very rare, if they take place at all. During the course of the next three days, The Daily Orange Sports staff will be publishing summaries of each of the 12 ACC schools prior to the addition of SU and Pittsburgh.ClemsonJoined ACC: May 8, 1953Strengths: football, track and field, golf, baseballWeaknesses: men’s soccerAdvertisementThis is placeholder textlast_img read more

"ACC : Getting familiar with the Atlantic Coast Conference"