Melrose CU's Website Misleads on Financial Health

Melrose Credit Union (Briarwood, NY) has misleading information about its financial health on its website. The following screenshot shows t...

Delinquencies Up Sharply at Taxi Medallion Lender LOMTO FCU

Taxi medallion lender LOMTO Federal Credit Union (Woodside, NY) saw a further weakening in its financial performance during the first quarte...

Taxi Medallion Loan Delinquencies and TDRs Jump at Progressive

Progressive Credit Union (New York, NY) reported more problems associated with its taxi medallion loan portfolio. After reporting a loss of ...

Melrose Credit Union: May Day! May Day!

First quarter 2016 data show a sharp deterioration in the financial performance of taxi medallion lender Melrose Credit Union (Briarwood, NY...

Taxi Medallion Participation Loans Adversely Impact Quorum FCU

In its 2015 Annual Report, Quorum Federal Credit Union provides additional details on the performance of its $76.3 million portfolio of taxi...

More Bad News for CUs Holding Taxi Medallion Loans

There is more bad news for credit unions holding taxi medallion loans, as taxi medallions continue to decline in value and taxicab operators...

Acquisition of Failed Montauk CU Eliminates Bethpage FCU Geographic Common Bond Limits

Long Island Business News is reporting that the merger of Montauk Credit Union (New York, NY) into Bethpage Federal Credit Union (Bethpage, ...

Bay Ridge Federal Credit Union and Taxi Medallion Loans

Bay Ridge Federal Credit Union (Brooklyn, NY) has some exposure to taxi medallion loans and it appears that these medallion loans are starti...