The Federal Reserve Bank of New York is not convinced that a lack of credit access primarily contributed to the woes of small businesses since the 2007-2009 recession.
Amid reports of sluggish job creation, some credit unions are still helping small businesses grow.
Small boxes sitting on the network at a Symitar data center in Missouri are helping the core processor’s client credit unions improve internal efficiencies while the company works to wean its client base off traditional magnetic tape, the company said.
When a teacher sought relief as she struggled to make the $500 monthly payments on her Volvo, Carolina Cooperative Federal Credit Union felt it had just the solution she needed.
In recent months several notable credit union industry conference speakers have suggested that a credit union's board of directors should be as diverse as the membership-delivering a backhanded criticism of currently seated boards of directors.
NewOak Capital, New York, appointed Chad J. Burhance to managing director and head of NewOak Solutions, the company's advisory service provider.
More profitable, more liquid and having better credit quality are a few of the traits of smaller businesses that do not use credit, a SBA Office of Advocacy study revealed.
Although 290,000 new jobs were created last month, unemployment increased to 9.9% because of an increase in the size of the labor force, the Department of Labor reported today.
The first community development credit union that the NCUA has chartered in 2010 is focused on serving the underserved in the community that many see as the home of breakfast cereal in the U.S.
Quincy Credit Union, Quincy, Mass., announced the selection of Maura Gilmartin as the credit union's business development coordinator.