Lending

The $1.3 billion Premier America Credit Union has contracted with the NCUA to manage the assets of the seized $318 million Telesis Community Credit Union. Both credit unions are based in Chatsworth, Calif.

Over the past several years, confusion has grown concerning acceptable and proper methods and techniques for credit union member business loan classification and risk ratings. This dilemma surprises no one as the credit union industry has not established a uniform system for business loan classification and risk ratings.

Credit unions and community banks have traditionally stood as direct competitors, vying for the attention of similar types of consumers. But in the private student lending market, a fierce face-off between the two is not expected, several experts say.

Sacramento credit union adds service to business products it launched last fall.

Sacramento credit union adds service to business products it launched last fall.

A local brewery was the venue for a press conference held Wednesday by several San Antonio, Texas-based businesses to build up support for the Small Business Lending Enhancement Act.