When it comes to buying a car, many members of Communicating Arts Credit Union face choices limited to buy-here-pay-here lots with some rates as high as 20% or more.
Would you apply for a car loan using an iPhone? Or a home mortgage?
Biz2Credit analysis based on 1,000 funding requests from credit unions, small banks and other alternative lenders.
The $71 million Brookline, Mass., credit union has launched a mobile branch service.
The Small Business Administration would no longer be a separate entity and its functions would be incorporated into an agency that combines the functions of six agencies that deal with trade and business matters, according to a proposal made by President Obama.
While it may not be much of a surprise to credit unions that some banks are not eager to approve funding for small businesses these days, the rate of rejections might cause some alarm.
New agency would merge functions of SBA, Office of Trade Representative, Export-Import Bank, others.
Report author says the "big banks are sitting on their assets."
Seattle CU sees 65% jump in loan applications.
Short-term loans are in demand. According to a recent Wall Street Journal report, payday lender and pawn shop share prices jumped in October. Some credit unions are taking this opportunity to provide similar products, but at a lower cost and with a different philosophy in mind. While payday lenders encourage...