THE feature

FENTON, Mo.—A lot of credit card rewards programs were designed by Baby Boomers for Baby Boomers, and are further suffering from misconceptions around what it is people really want, according to one analyst.

LAWRENCEVILLE, Ga.—It was a “banner year” for used vehicle values in 2018, but 2019 won’t treat the pre-owned market quite as well, according to Black Book.

ONTARIO, Calif.—The thinking that many Millennials and Gen Xer’s don’t want to own cars is flawed, says CU Direct, which says data show these younger consumers will soon pass Baby Boomers as the primary car-buying segment.

ATLANTA—While new car sales numbers continue to decline from the banner year 2016, lenders are seeing their overall auto lending dollars increase as a result of a decline in leasing and growing consumer interest in used cars, reports Equifax.

LOS ANGELES, Calif.—Wescom Credit Union says the $38 million it is spending on a 10-year deal to become the exclusive banking partner for UCLA—which includes putting the CU’s name on famed Pauley Pavilion and the iconic Rose Bowl—will drive many, young new members to the credit union in the coming years.

TUKWILA, Wash.—Documents provided to provide far more detail into what the $19-billion BECU envisions for a potential cooperative savings bank charter to which it and other CUs might someday convert.

OVERLAND PARK, Kans.—With credit unions closely focused on balance sheet risk, many are overlooking another risk that is equally important to their future, one analyst asserts.

ALEXANDRIA, Va.—NCUA is reporting its online diversity assessment initiative is promoting diversity and inclusion among the credit unions that participate in the annual program.

AUSTIN, Texas—While real estate remains all about location, location, location, a shrinking real estate market in the coming years is going to put an even greater emphasis on speed, speed, speed, according to one analyst.

ONTARIO, Calif.—The rapid growth in credit union indirect lending programs has triggered more examiner scrutiny and additional emphasis on the performance of CU indirect lending programs by regulators, as reported earlier here.