Lending

The $950 million Elevations Credit Union has hired Jay Champion, the former CEO at Texans Commercial Capital LLC, to lead a business lending and services initiative.

Despite nine consecutive months of loan portfolio contraction, member business loans continue to be among those outpacing other credit union lending categories.

The NCUA and other federal financial regulators announced they expect the registration period for mortgage originators to start around Jan. 31 and end around July 29.

As small business owners looked to their bankers for relief, some got the cold shoulder to requests for lines of credit increases and loan modifications.

It was a little more than a year ago when the NCUA threw its support behind an advisory that encouraged workouts on commercial real estate loans.

As we move into 2011, I would like your readers to know there are good news stories to tell about credit unions-stories that aren't always getting the notice they deserve.