PORTLAND, Ore. — When the business lending slump was at its peak a few years ago, entrepreneurs who were working with Redwood Credit Union and Orange County’s Credit Union were likely immune to the collapse.
One of the inspirations behind creating a statewide lending brand that would be easily recognized by small business owners in Michigan evolved from conversations with local trade groups.
A CUSO owned by Northwest Federal Credit Union recently reached the $500 million in assets under management mark.
CU Direct Corporation, the parent company of auto lending solutions CUSO CUDL, announced that it will be hosting a new lending conference in 2011.
More new clients and an increase in asset values have helped one of Northwest Federal Credit Union's subsidiaries reach the $500 million in assets under management mark.
"May you live in interesting times" is an old Chinese saying, a backhanded curse perhaps but also a blessing because meeting challenges also can mean creating opportunities.
Emerging new channels of delivery don't necessarily mean new profits.
Registration is on pace compared to previous years for the $2 billion First Carolina Corporate Credit Union's annual Financial Conference next week.
Akcelerant Software's Akcelerant Framework platform will be integrated with the ProAct Consult business intelligence analytics service from Ser Technology Corp., the companies said.
For more than nine years, Carter Federal Credit Union hummed along with its business lending program amassing $7 million in loans, relishing the fact that its portfolio never took any charge-off or delinquency hits.