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Banks and Credit Unions


Fed Reserve Approves Second Rate Hike of 2018

Chairman Jerome Powell discusses the decision to raise the Federal Funds Rate by a quarter point...

With the labor market continuing to strengthen and economic activity rising at a solid rate, the Federal Reserve raised the Federal Funds Rate a quarter percentage point for the second time this year — putting the target for short-term rates in the 1.75 to 2% range.


Used Vehicle Loans Increase $410 in Past Year

New and used car loan amounts rose in the first quarter of 2018, the number of people leasing...

The loan amount for a new vehicle in the first quarter of 2018 was $31,445, $921 higher than the same period in 2017. In the used segment, the average loan amount for a vehicle was $19,536, $410 higher compared to the year-ago period.


Lease Approvals Rise 10% in April

Car lease approvals on Swapalease have been rising through most of 2018, in April they were up...

Retail leasing applicants registered a 70% approval rate on Swapalease during April, a 10% increase from the same time last year, the company announced.


Lease Approval Rates Rise 2% in March

Lease approval rates registered 67.3% for in March, which were 2% higher than the month before and signify a possible upswing in approval rates, according to the company.