Opportunities could pass many credit unions by because new members will expect credit unions to provide the same online and self-service conveniences they’ve grown accustomed to when working with larger banks.
Two long-time staffers with commercial loan underwriting CUSO Octant Business Services LLC have seen their roles changed.
The Small Business Administration has named the $1.5 billion FAIRWINDS Credit Union among its newest preferred lenders.
The $1.5 billion FAIRWINDS Credit Union is the latest to earn the Small Business Administration’s designation of “preferred lender.”
Saddled with pressures to reduce operating expenses, California and Nevada credit unions had been seeking an outlet to help minimize costs through a collaborative network.
The question of whether a CUSO can act as a loan broker for loans used to finance the purchase of New York City taxi medallions was recently addressed by the NCUA.
A CUSO seeking to act as a loan broker for loans used to finance the purchase of New York City taxi medallions is permitted to do so, the NCUA said.
Hanscom Federal Credit Union, Hansom, Mass., announced that Kevin Reagan has been named assistant vice president of mortgage operations.
Given the economic climate over the last two to three years, a number of credit unions have had to seriously consider laying off employees, and some have actually done so. But for many credit unions, layoffs are a last resort.
Elizabeth Whitehead, the NCUA's associate regional director of programs in Region I, was named by the board to be the Director of Region V.