Lending

CUNA letter cites survey showing that 60% of small businesses cite lack of credit as a serious problem; NAFCU says 12.25% cap hinders local lenders.

Deciding whether to have a tummy tuck or not would most likely not be on the list of priorities for most consumers given the economic doldrums of the last few years.

The prospect of credit unions building a stronger housing finance industry received some good news last week when a new CUSO, Mortgage Liquidity Solutions, announced its first sale of participations in CU-originated mortgage loans.

Lower income members of the 221,000-member State Employees Credit Union of Maryland will now have access to programs which can help them buy their first homes.

It appears the thousands of petition signers asking Sallie Mae to stop charging student loan forbearance fees to unemployed college graduates are out of luck.

The $76 million First Eagle FCU in Owings Mills, Md., said it has generated more than $690,000 in loans through its new lead generation system.