Lending

Although many credit unions may not have realized it, the second version of the federal governments Home Affordable Refinance Program is a more workable and beneficial for both borrowers and credit unions than its predecessor, according to housing finance executives at credit unions that have begun making the loans.

Jim Adamczyk can remember receiving an increase in calls from banks interested in FAIRWINDS Credit Unions auto loan portfolio.That was as recent as 2010, said Adamczyk, executive vice president of lending, for the $1.7 billion cooperative in Orlando, Fla.

The trade association, in a letter to CFPB released late Thursday, urges focus on problem lenders without sweeping new regulations. Comment deadline is Friday.

Assets cross $1 trillion mark while total federal credit union roster dips below 7,000.

Called Value Analyzer, it shows members how much they can save through low-interest financing or consolidations.

Called Value Analyzer, it shows members how much they can save through low-interest financing or consolidations.