Building on momentum from a record-breaking 2013, the nation's largest credit union plans to grow both its auto and business lending programs even more this year.
Biz2Credit, a New York company that connects small business with lenders, discovered that scenario during its recent monthly analysis of 1,000 loan applications.
Cooperative Business Services is hoping the $29 million it funded in the first quarter will lead to a second consecutive year of record growth.
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.