Lending

Phoenix credit union reaps more than 350 applications for underwater homeowner relief.

At a time when credit unions are fighting to expand their business lending authority, banks continue to reap the benefits of a small business lending fund.

Nearly a year after Michigan CU Capital launched a statewide lending brand that would connect small businesses to credit unions, the effort has added another level to increase its exposure.

Former WesCorp Chief Financial Officer Todd Lane and his legal team have asked U.S. District Judge George Wus Los Angeles federal court to drop WestCorp's case against him, pay his legal fees and award him damages, according to legal documents filed Apr. 4. Lane also demanded a jury trial.

On May 1, 2010, Augusta Metro Federal Credit Union opened an indirect lending department and loan growth has been soaring ever since.

David Adams cited for helping Michigan credit unions sharply increase small business lending.