Lending

Starting March 1, credit union members in specific employee groups will be able to take advantage of an additional price incentive by getting their vehicle loans at a credit union.

Texans Credit Union said a federal bankruptcy court in Dallas ruled that a realty firm owes its commercial real estate lending CUSO more than $40 million in a suit involving a defaulted Illinois property loan.

Credit union industry leaders promote false pride when stating that the nation's credit unions did not cause the current economic crisis in America.

Since its 2003 launch, the San Bernardino, Calif.-based Member Business Services said it has reviewed $1.4 billion in member business loans.

More homeowners than ever may be walking away from their mortgages and leaving their imprint on what promises to be an already significantly different housing and mortgage market going forward.

Credit union mortgage lenders came off a record breaking year in 2009, but industry executives fear 2010 may not see the same sorts of gains.

In another effort to jumpstart business lending, President Obama has proposed temporarily increasing the cap on SBA Express loans from $350,000 to $1 million.

While they understand that the downturn has led lenders to significantly scale back their business lending activity, financial regulators, including the NCUA, are urging them not to become "overly cautious."