Lending

In Texas, its no secret that going big is the likely way to go in the Lone Star state.

NCUA Chairman Debbie Matz attended an Aug. 7 meeting in the White Houses Roosevelt Room in which President Barack Obama announced that low-income designated credit union lending would be included in the administrations latest drought-relief package.

Credit unions that have restructured loans for struggling members no longer have to pay the price on their financial performance reports. Thats because a final rule released in May by the NCUA, which applied GAAP standards to the reporting of delinquent restructured residential mortgage loans, included a provision that released...

Executives from different parts of the credit union industry are hard at work to build credit unions share of the U.S. mortgage market even higher than the record 8% that credit unions achieved in the first quarter of this year.

Auto lending has traditionally been the backbone of many credit union lending operations. Some lenders have recently benefited from the Cash for Clunkers program and from the rebound in auto sales since the recession.

Ruiz was a co-conspirator in a business lending kickback scheme with the credit unions former vice president of business lending, William Liddle.