The Leagues provide its Member's First philosophy in communicating "real time" comprehensive news and information. We focus on strategic, operational and the philosophical values of our membership. We work to advocate your interests, and position our member credit unions at the "top" of the financial services community.
View the latest news about credit unions in California, Nevada, and around the nation.
Find current and archived issues of the Leagues' award-winning magazine.
Take a visual journey and explore the faces behind the California and Nevada credit union movement at a number of events, meetings, fundraisers, and conferences!
Catch up on what California and Nevada credit unions are accomplishing within their communities every month!
CUs MAKE LOCAL IMPACT IN COMMUNITIES
03/04/14 10:27 AM
'Member News' Posted
Credit unions are making an impact in their communities across California and Nevada. Scroll down to view the latest!
Click to view the latest Member News
From the Editors of CU Weekly
STAYING AHEAD OF THE MORTGAGE CURVE
|Dwight Johnston, Vice President and Chief Economist for the California and Nevada Credit Union Leagues
10/17/13 10:55 AM
Some Positives for CA, NV
With a sudden surge in mortgage rates, it’s time to look at the impact. It’s not as bleak as you might think.
I’ll start with the bleak. The refinance market has hit a brick wall. Activity in the United States fell by more than 50 percent since the first quarter, and a further slowdown is likely.
When mortgage rates were at their lows in early 2013, 80 percent of all U.S. mortgages could theoretically be refinanced. This doesn’t take into consideration that some mortgages wouldn’t be eligible due to having negative equity. The 80 percent dropped to 30 percent.
Click here to continue reading the latest Market Performance column on Page 11 within the October/November edition of Credit Union Digest!