Lending

In light of the new risk-based pricing provisions of the Federal Trade Commission's Fair and Accurate Credit Transactions Act, CUDL has developed a way to help credit unions that are looking to provide auto dealers with credit score disclosure notices.

The $70 million Members Federal Credit Union has signed on to a CUSO to offer small business owners commercial loans and lines of credit.

CU Campus Resources recently announced it has partnered with Citizens Equity First Credit Union of Peoria, Ill., to offer private student loans to its members.

A federal grand jury indicted a St. Paul Croatian FCU member for bank fraud and money laundering that cost the credit union $2.5 million and led to its eventual closing.

Sounding a lament typical of many small credit unions, the $51 million Perfect Circle CU of Hagerstown, Ind. announced this week it is taking consolidation steps in preparation for more tough times in the industry.

Mark Shobe, CEO of the $3 billion DFCU Financial, praised the credit union's efficiency for being able to share $19 million with its 85,000 members through a patronage dividend.