Lending

If youre going to overdraw your checking account by $100 or less, your most cost-effective bet is to borrow money from a payday lender, not to use an overdraft service or let your check bounce.

To help with the financial stress of a new school year, 121 Financial Credit Union in Jacksonville, Fla., is offering short-term loans of $500 to $2,500 at an 8% fixed rate to its members across northeast Florida.

Private student loans account for just 0.2% of the U.S. credit union loan portfolios, according to Callahan & Associates, but student loan CUSOs and credit unions that offer student loans believe theyre a worthwhile addition to any CUs product suite, citing potential relationships with young members as a major benefit.

Long Island CU lending manager sees property values settling down, interest in equity lending picking up.

Long Island CU lending manager sees property values settling down, interest in equity lending picking up.

CU Xpress Lease Inc. said it has signed IC FCU as its first enrollee in the Bay State.