Lending

According to a recent Federal Reserve Board survey, those banks that have started easing their commercial lending standards have done so in response to increased competition from other banks and nonbank sources.

Credit unions have worked hard to establish themselves as the best choice in automotive lending. Both prudent lending practices and neighborly service have solidified an excellent reputation among car buyers.

While several credit unions were recently recognized by the SBA as top lenders in their respective states, banks were the winners of the national awards, the agency announced today.

The SBA recently honored Dupaco Community Credit Union with its 504 First Mortgage Lender of the Year award for the state of Iowa.

Member business loans continued to be the front runner as total loans were down 1.5% year to date, according to CUNA Mutual Group's May Credit Union Trends Report.

CUNA and NAFCU are using today's hearing by the House Financial Service on small business lending to reiterate their push to raise the cap on member business loans.

WASHINGTON -- Credit unions today came a small step closer to their goal of raising the cap on member business loans.

CUSO Mortgage, a mortgage CUSO serving between 30 and 40 credit unions from a headquarters in Halpern, Maine, has used a series of promises to sharply increase the numbers of first mortgages it issues.