Lending

The Ohio Credit Union League is celebrating what it said was a record, fifth straight quarterly increase in credit union members. Roughly 10,000 Ohioans joined credit unions in the first three months of 2010, the league said.

Consumers appeared reluctant to take on additional credit as concerns persist about the pace of economic growth.

The National Consumer Law Center and Consumers Union have urged the NCUA to crack down on what they charge are overly expensive credit union branded payday loan products.

Delinquencies fell during the second quarter in seven of the 11 bank loan categories tracked by the American Bankers Association, the group announced today.

Credit unions and banks now hold 1 million homes as home loan delinquencies exceed 10%, according to CUNA Mutual Group President/CEO Jeff Post.

Credit union mortgage servicers face an expanded and more important role under a new Fannie Mae policy designed to crack down on borrowers who walk away from their mortgage commitments.