Lending

Dover FCU closes first SBA loan since becoming an agency lender.

Dover FCU closes first SBA loan since becoming an agency lender.

After roughly a year in partnering with financial institutions to offer mortgages, Quicken Loans reports that a significant number of CUs have opted to use its mortgage platform for their mortgage lending needs.

Through a new program, St. Marys Bank is looking to offer mini loans to start ups and small emerging companies that it said are finding it difficult to obtain more traditional bank financing.

A new corporate Web page has been launched by BlueYield LLC to better serve users of its automotive lending exchange and private-label affinity automotive financing programs.

With the exception of auto loans, credit unions and banks are competing closely in nearly all loans.