Lending

ICBA exec calls NAFCU letter to senators supporting the package bill "obscene."

Madison Mayor Paul Soglin was recently honored by members of the Madison Area Chapter of the Wisconsin Credit Union League for his efforts to drum up mayoral support for credit union member business lending legislation.

Six credit unions were recognized for their exemplary practices by receiving CUNA Mutual Groups excellence in lending awards at the CUNA Lending Councils 18th annual conference.

Last week, credit unions federal tax exemption appeared to be in jeopardy. H.R. 6474 would have gradually repealed credit unions tax-exempt status over five years. Fortunately for credit unions, a spokesman for Rep. Dennis Ross, the bills sponsor, explained that the inclusion of this in the bill was accidental,...

A year ago, unemployment was 14% around the Inland Empire in California, much higher than the national average.

Four out of the five states where the Federal Housing Finance Agency is considering an increase in mortgage guarantee fees do not have healthy housing markets.