Editors' picks for the week include a Research & Analysis article on S&P Global Market Intelligence's loan growth outlook for U.S. banks, and a Data Dispatch discussing the widening gap between credit unions and banks in terms of year-over-year loan growth.
Bankers' loathing of credit union tax exemption boils anew
The community banking industry's aversion to the tax breaks enjoyed by credit unions deepened in recent days as bankers took note of a new — and substantially higher — estimate of how much the exemptions cost the U.S. Treasury Department.
Funding mix of recent sellers trends toward noncore deposits
The funding mix of recent sellers with more than $1 billion in assets tends to be made of less core deposits and more higher-cost funds, with buyers often attracted to other features at the bank.
Banks should not take low deposit costs for granted
Weak loan growth in the first quarter helped U.S. banks hold the line on deposit costs, but the environment is poised to change, according to S&P Global Market Intelligence's updated industry outlook.
In Massachusetts, growth of low-income CUs rankles state's bankers
Massachusetts has seen rapid growth in its number of low-income designated credit unions since the end of 2012, but bankers in the state say some of those institutions are using the tag more for growth than anything else.
Gap widens between credit unions and banks on YOY loan growth
U.S. credit unions continued to outpace banks in year-over-year growth for both loans and deposits at the end of the first quarter of the year.