A much anticipated gift arrived during the holidays when third quarter data showed credit unions posted their strongest loan performance in history.
Delta Community Credit Union settles with developer in losses laid on Atlanta credit union over Florida property.
Agency inspectors say shortfall was from liquidation rather than bulk sale of Florida property by Michigan's failed Huron River Area CU.
While Harborstone Credit Union has been offering business loans since 2002, the Lakewood, Wash.-based cooperative could not have predicted how great member demand would be for the SBA’s programs.
As the recession continues and the commercial real estate marketplace sours, more credit unions will unfortunately have to foreclose on commercial real estate properties secured by defaulted member business loans.