Lending

• EECU Surpasses $1 Billion in Loans

  By Michelle A. Samaad  |  March 20, 2013

  The Fort Worth, Texas-based EECU said it surpassed the $1 billion mark in loans at the end of 2012.

• Consumer, Urban Coalitions Pushing Regulators Again on Payday Loans

  By David Morrison  |  March 20, 2013

  Letters to chief regulators calls for curbs on payday lending, citing risks to consumers and the institutions themselves.

• SBA, Experian Pact Aids Businesses in Economically Depressed Areas

  By Michelle A. Samaad  |  March 19, 2013

  Experian providing online tool to help SBA-backed businesses better manage their business relationships quickly and easily, according to Experian.

• LendKey Touts 58 Signings to Cloud-Based Student Lending Platform

  By Marc Rapport  |  March 18, 2013

  Along with a new name, LendKey said it added 58 credit unions to its client list for student lending services in 2012.

• New CU Direct Alliance Expands Loan Reach

  By Michelle A. Samaad  |  March 13, 2013

  CU Direct Corp. and First Associates Loan Servicing have signed a new loan origination and servicing partnership agreement.

• Five CUs Make Nation’s Top 25 Auto Lenders List: SNL Financial

  By Michelle A. Samaad  |  March 13, 2013

  Navy Federal comes in at 14th while PenFed, at 22nd, posts highest quarterly growth rate among the top 25 in 4Q 2012.

• 510 Largest CUs Account for 80% of Auto Loan Growth

  By Michelle A. Samaad  |  March 13, 2013

  CUNA Mutual Group says industry's total vehicle loan portfolio increased in each of the past 12 months.

• FICO Competitor Steps Up With New Improvement

  By David Morrison  |  March 12, 2013

  VantageScore, creation of three major bureaus, announces answer to FICO's new pact with FactorTrust. Both eye underserved lending market.

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  Bank-Rejected Missouri Firm Racks Up Awards After Signing On With Mazuma CU

  By Michelle A. Samaad  |  March 12, 2013

  Turned down by three banks, Alpha Energy and Electric Inc. caught a break with Mazuma Credit Union and is tasting sweet revenge these days.

• Financially Underserved Data Important to New Scores: FICO/FactorTrust

  By David Morrison  |  March 11, 2013

  Credit score specialist and payment data aggregator get together in new partnership to help serve the underserved.