Lending

Shared loan risks and the challenges of increased regulatory scrutiny are a few of the highlights of a new loan participation white paper.

After a last minute whirlwind of appeals to President Obama and Congress to consider legislation that would increase the member business lending cap, both CUNA and NAFCU are urging credit unions not to let up.

Credit unions will need to focus on finding new members and improving their loan penetration to compensate for a long-term drought in loan demand, leading CU economists said.

You're probably seeing mortgage defaults drop, but it could be another five years before they return to the level of the 1990s.

While credit unions under $50 million in assets have consistently reported a decline in membership, some billion dollar cooperatives continue to experience a decrease as well.

Credit Union Student Choice, a provider of student lending services, announced today that Genisys Credit Union in Auburn Hills, Mich., TruMark Financial Credit Union in Trevose, Pa., and Georgia's Own Credit Union in Atlanta have partnered with the CUSO.

The Senate is expected to break its impasse on a small business lending bill--which includes a $30 billion fund to encourage community bank lending--but without a provision to raise the cap on member business loans from 12.25% to 27.5% of assets.

An overwhelming majority of voters in congressional districts in eight states said they would want their representative to support raising the cap on member business lending, according to a poll released today by CUNA.