Lending

Be it expanding affordable housing, supporting small businesses or providing financial services to urban and rural areas, community development financial institutions continue to play a pivotal role.

Navy Federal Credit Union's new iPhone app was downloaded more than 10,000 times in its first two weeks, the $41 billion, 3.4 million member credit union said.

Home prices fell 2.1% from the fourth quarter of last year to the first quarter of 2010, and average mortgage rates are at their lowest of the year, according to data released by Freddie Mac.

Bottom lines will be squeezed for the next year or two. They probably won't rise until unemployment declines. What does that mean for credit unions? It means it's time to start getting rid of some friction.

The Obama administration put its support for raising the cap on member business loans to as much as 27.5% assets in writing yesterday.

Credit unions and other lenders have received word that the SBA has reactivated the Recovery Act queue to possibly approve more loans if additional funding becomes available.

WASHINGTON -- Credit unions last week received a ray of good news on their goal of raising the cap on member business loans.

With competition coming back strong into the auto lending market, many indirect lending supporters argue that if a credit union is not at the dealership, it is missing out on loans.