By deliberately lending more to members with near-prime credit scores, credit unions are beefing up their balance sheets.
SNL Financial says reserves were $26.90 billion in the second quarter.
CU Business Group CEO tells credit unions businesses with $5 million or more in annual sales make the best business members.
Program debuted after NCUA eased loan concentration limits.
Curriculum includes how to access application and performance data to drive better, faster portfolio management decisions.
The owner of two online payday loan businesses that charged interest rates ranging from 89% to 169%, plus fees, will no longer be doing business in Pennsylvania.
A new app that automates matching between buyers and sellers of private party vehicles is the latest to make its way to credit unions.
The $5.6 billion Bethpage Federal Credit Union in Bethpage, N.Y., named Lynda Nicolino to the newly created position of corporate general counsel where her focus will be on government relations. Nicolino was general counsel and secretary of the Long Island Power Authority where she had worked for the past 15...
The California-based firm also faces enforcement and civil actions in 13 other states.
Nebraska, North Dakota and South Dakota's small businesses fare best in new research from the SBA.