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Lending
Student Lending Network Moves into Minnesota
November 20, 2009
Members Cooperative Credit Union has become the first in Minnesota to join the network of credit unions using the Fynanz Inc. turnkey private student lending platform, the company said....
Putting Brakes on MBL Delinquencies Backdrop for NCUA Webinar
November 19, 2009
More than 1,000 people tuned in yesterday to the NCUA’s Webinar on member business lending with delinquencies and examiners’ expectations being among the hottest topics of discussion....
Credit Unions a Noted Presence at Realtors Convention
November 18, 2009
Credit unions are having a strong showing at this year's convention of the National Association of Realtors....
Callahan Analysis Shows CUs Making More Loans but Facing Challenges
November 18, 2009
Outstanding loan balances increased 1.2% during the third quarter and share balances increased 8.8% through September, according to analysis of aggregated 5300-call reports by Callahan & Associates....
CUNA Survey Shows CUs Dissatisfied With Auto Remarketing Results
November 18, 2009
A recent CUNA survey on the liquidation of vehicle repossessions found that credit unions are dedicating a significant number of hours each month to processing repossessed vehicles and are not happy with the results they are seeing....
In Wake of Calif. Budget Cuts, Altura Offers Furlough Loan Program
November 18, 2009
As state colleges and universities have asked employees to take unpaid days during the school year to help rein in their budgets,...
WhereMembersDrive.com Offers Two New Service
November 18, 2009
Colorado credit unions that partner with WhereMembersDrive.com can now post recently repossessed cars for their members to purchase, and members can also list their personal used cars for sale to other members....
Small Biz Blitz: Agencies Look for Solutions
November 16, 2009
Credit unions and other lenders will have their pick of a number of forums this week aimed at aiding struggling small businesses....
Invest in America Offers New Discount Programs
November 16, 2009
CUcorp has announced that the Invest in America program has expanded to offer credit union members discounts from FTD and CU Benefits Express....
New Company Touts Free Access to Credit Scores
November 13, 2009
Credit unions working with members to make them more aware of their credit scores might find a company called Credit Karma a useful information source....
Credit Scores Showing Mixed Movements
November 13, 2009
Credit unions watching their members' credit scores slide over the course of the recession might see a few of them start to improve, according to a consumer credit score tracking firm....
Foreclosure Numbers Drop for Third Month, RealtyTrac Says
November 12, 2009
RealtyTrac, a for profit marketplace for foreclosed properties which is seen as the leading indicator of foreclosures nationwide reported that foreclosure filings fell 3% in October, the third straight month of decline....
NCUA Tries Regulator Contact to Resolve Fraud Dispute
November 11, 2009
NCUA Board Chairman Debbie Matz has sent a letter to the Federal Housing Finance Agency, the regulator and conservator of Fannie Mae and Freddie Mac, seeking resolution of a dispute over some mortgages that credit unions complain were stolen....
SBA Seeks Extension of Recovery Act Provisions
November 11, 2009
The SBA said it is working with President Obama and Congress to obtain funding to continue the agency’s 7(a) program’s 90% loan guarantee and fee reductions, which are set to last into December....
Media Rap Breaks Out on Bank Vs. CU Loans
November 05, 2009
A media tit-for-tat is surfacing in Wisconsin this month over whether it’s credit unions or banks serving up small business loans in a tough economic environment. ...