Moving Money: Bank, credit unions expand in the face of COVID

COVID-19 changed the way banks and credit unions operated, shifting many branch services to online platforms. But the pandemic didn’t stop some from moving to brick-and-mortar expansions and, in one case, undertaking a major merger. The big news roiling the local banking scene was Columbus, Ohio-based...

House Warming: Grand Traverse market stays hot into 2021

As a mortgage lender, my job is largely contingent upon the state of the real estate industry. So, when I had conversations with real estate agents about what 2020 might look like, I was concerned too. In the early days of the pandemic, Michigan’s real estate...

Cash Cow: Bank, credit union deposits explode up to 48%

Early last spring, TBA Credit Union was averaging about $65,000 a month in deposits from unemployment benefits. Between April and August, that number jumped to $3 million a month as thousands of newly laid-off people deposited their jobless benefits. Overall, TBA deposits are up 20% as of...