Lending

Did the credit union industry do enough to persuade legislators to include an amendment that would have raised the member business lending cap in a newly signed $30 billion small business lending law?

The GPO Federal Credit Union will administer a $650,000 government loan to renovate a stone mill built in 1839 to include tourism and business spaces.

In just one day, the SBA said it was able to approve 1,939 loans totaling nearly $970 million after the recently signed Small Business Jobs Act of 2010 provided funding for increased loan guarantees and reduced fees.

ATLANTIC CITY, N.J. -- CUNA President/CEO Bill Cheney said today that key lawmakers are interested in injecting credit union capital issues into the general capital discussions in Congress.

Akcelerant said more than 90 financial institutions were among the 200 attendees at its recent 2010 Customer Conference at the Penn State Great Valley Conference Center near its headquarters in Malvern, Pa.

Midwest credit unions might celebrate while Southern ones rue the news that seven of the ten U.S. cities whose populations have the best credit scores are in the Midwest, according to Experian.