Lending

As credit unions budget for 2011, many financial managers are searching for revenue sources, as traditional money makers like consumer loans and investments still aren't performing to historical norms. Business services and innovation may be the answer.

There should be a thorough investigation of problems with the foreclosure process but no moratorium, White House spokesman Robert Gibbs said today.

Ohio's credit unions are in the midst of a member business lending surge.

The Credit Card Act of 2009 has helped the percentage of consumers dissatisfied with their credit cards drop slightly, but credit cards remain on of the lowest ranked consumer services ever.

Consumers used nearly 80% of their $29 billion in maturing CDs to pay down credit card balances in the first half of 2010.

Consumers are still reluctant to take on credit but credit unions saw a slight increase in outstanding consumer credit, according to data released by the Federal Reserve.