Lending

The ongoing tangle that has become the foreclosure process in many parts of the country moved in two directions last week, each of which could impact credit unions.

The National Institutes of Health Federal Credit Union has expanded its business services program with an eye on courting its growing health care and biomedical membership.

The $1.6 billion Texans Credit Union said it plans to fight against a suit that claims the cooperative's commercial real estate CUSO did not follow through on providing loans for a failed Mississippi project.

Iowa credit unions cautiously congratulated themselves Thursday for handling the corporate dilemma by linking up with the National Cooperative Bank.

Foreclosures in the U.S. are now spreading well beyond the cities and regions where they first began their rapid growth, according to RealtyTrac, a real estate firm that specializes in foreclosure sales.

Credit union employees wanting details on the NCUA's new rules on short-term payday loan alternatives can consult the regulatory alert issued by the agency.

The question of whether a CUSO can act as a loan broker for loans used to finance the purchase of New York City taxi medallions was recently addressed by the NCUA.

More than 90 financial institutions were represented by the 200 attendees who attended Akcelerant's recent 2010 Customer Conference at the Penn State Great Valley Conference Center near its headquarters in Malvern, Pa.