Lending

CUNA wants consumer advisory language strengthened in the proposed guidance regarding reverse mortgages while NAFCU would like to see additional guidance on what information must be included in advertisements.

Private student lending CUSO CU Student Choice has partnered with college planning and funding software provider Collegiate Funding Solutions to launch a collaborative promotional effort.

The $1.2 billion UW Credit Union has announced that it will add a Fannie Mae sponsored mortgage product to its list of loans available to members.

While year-to-date member business loan originations have fallen by $2.12 billion as of Sept. 30, 2009, outstanding balances increased over September 2008 levels to reach $28.9 billion, according to data from Callahan & Associates Inc.

Attendees of CUNA's Governmental Affairs Conference last week were spared a winter storm, but there was a flurry of activity.

Credit Union Times asked leaders of some of the industry's business lending CUSOs, "What will be the greatest challenge and opportunity for credit unions and their business lending programs in 2010?"

Aggressively seeking the membership of small businesses has not traditionally been a strategy for most credit unions.

The $350 million USC Credit Union was recently named the 2010 Financial Services Champion of the Year by the SBA's Los Angeles district office.