Credit unions may have another competitor on the commercial loan front as online retail giant Amazon makes high-stake moves in the business lending space.
Defendants in Pennsylvania case accused of fraudulently obtaining business loans in Indiana, California, Illinois.
AMCCU dismantled, purchased by TruStone Financial.
Members of the so-called “silent majority” of credit unions that oppose S. 2231, the bill that would increase the member business lending cap for credit unions, spoke out as banking lobbyists pressed the issue to lawmakers.
CUANY reports a 15% MBL increase in the first three months of 2012.
Member Business Lending LLC said it is the first CUSO to offer its credit union participants the SBA Small Loan Advantage program.