Credit unions and other housing finance lenders face an economic pinch as rising interest rates squash demand for refinanced mortgage loans while demand for purchase money loans still struggles to grow.
The 72-year old Ohio Edison/Penn Power Credit Union has established a new brand identity–Edison Financial Credit Union. Exterior signs have been changed and now contain the new name and logo at the credit union’s two locations in downtown Youngstown and in the Austintown Plaza.
Nearly a year after Michigan CU Capital launched a statewide lending brand that would connect small businesses to credit unions, the effort has added another level to increase its exposure.
Jacksonville, Fla., credit union adds person-to-person service to online offerings.
Sheilah Montgomery understands that she came in under extraordinary times as the new president/CEO of the Credit Union of Atlanta.
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.