Lending

Whether they call the pristine greenery of the Pacific Northwest or the rolling hills of New England home, many credit unions share a common approach when it comes to business lending:

The 1.1 billion Westerra Credit Union is running a series of ads meant to capitalize on the "Move Your Money Local" campaign launched by the Huffington Post.

Excluding a provision to raise the member business loan cap would cost jobs and therefore CUNA will oppose the small business lending bill without such an amendment, CUNA President/CEO Bill Cheney wrote Senate leaders today

Queen Bee Beauty Supply was the recent recipient of the first SBA loan financed through a Delaware credit union, American Spirit Federal Credit Union.

Navy Federal Credit Union, through its big Pensacola, Fla. operation, has joined others in the BP oil spill restoration.

Although there has been little movement since buzz started more than a year ago, micro-lending bank Grameen America Inc. said pursuing a credit union charter is still being considered.

The Community Financial Association of America has released a statement supporting the regulation of firms which would tap into social security recipients accounts to repay payday type loans.

In a late-night session and after extensive procedural maneuverings, the Senate last night approved a $30 billion fund that community banks can access to fund more business loans