Lending

The $1.9 billion Michigan State University Federal Credit Union has joined the ranks of CUs that have picked up affinity card issuing relationships that were previously held by banks.

The $800 million Workers’ Credit Union is the latest in the industry to be recognized by the Small Business Administration for its lending activity.

The $800 million Workers’ Credit Union is the latest in the industry to be recognized by the Small Business Administration for its lending activity.

Education-focused financial services company Sallie Mae announced Monday that it will begin offering no-fee student checking accounts into which colleges and universities can directly disburse financial aid and tuition refunds owed to students.

For all the hits that some banks have received for scaling back their business lending efforts, they are the Small Business Administration’s most active 7(a) loan program lenders.

ALEXANDRIA, Va. — Federally insured credit unions with assets of more than $50 million and smaller ones with potentially risky loan portfolios would have to have policies to evaluate the institution’s interest rate risk exposure, set risk limits and test for interest rate shocks.