Lending

• Great Basin FCU Earns SBA Lender Status

  By Michelle A. Samaad  |  May 24, 2013

  The $125 million cooperative in Reno, Nev., said it is the first new SBA lender in northern Nevada in more than nine years.

• Enterprise Car Sales Debuts Largest Used Car Showroom

  By Michelle A. Samaad  |  May 24, 2013

  Henderson, Nev., facility has showroom that can accommodate up to 200 vehicles and is nearly 10 times the size of its predecessor.

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  Eli Lilly Hires Vice President of Lending

  By Marc Rapport  |  May 23, 2013

  The $1.1 billion Eli Lilly Federal Credit Union in Indianapolis has hired veteran banker Ron Senci as its new vice president of lending.

• Canada’s CUs Beat Banks in Serving Small Businesses: Report

  By Michelle A. Samaad  |  May 23, 2013

  Canadian Federation of Independent Business surveyed nearly 13,000 small business owners to get the rankings.

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  Credit Union CEO Defends Payday Loan Program

  By David Morrison  |  May 22, 2013

  Louisiana FCU charges far less than payday lenders, offering escape not predation, CEO Rhonda Hotard says.

• Small Business Credit Shows Improvement: Experian

  By Michelle A. Samaad  |  May 21, 2013

  Much of the first-quarter improvement was fueled by lower delinquency rates and stronger consumer spending.

• CU Auto Lending May Bring IRR Gods’ Wrath

  By Michelle A. Samaad  |  May 20, 2013

  That two-door hatchback with the spiffy, cushy interior bought back in 2003 may be on its last wheels.

• CU Student Loans May Dodge Asset Bubble, Delinquency Rates

  By Heather Anderson  |  May 20, 2013

  From the Wall Street Journal to the activist blog Zero Hedge, economists and pundits have been actively debating this year whether or not a student loan asset bubble exists and if so, when it might pop.

• NACUSO Urges NCUA Caution on MBL Programs, Personal Guarantees

  By Michelle A. Samaad  |  May 17, 2013

  CUSO association expresses concerns about regulatory targeting hindering solid business lending programs.

• cuStudentLoans Joins With joinStampede

  By Candice Reed  |  May 17, 2013

  Student debt consolidation offer begins on May 31, claims lower rates through collective action.