Credit Union Times | Accurate and Timely CU News

Arrowhead Banned From New MBL

By Michelle A. Samaad

Nearly a month after it was placed into conservatorship by the NCUA, Arrowhead Central Credit Union has been prohibited from accepting any new member business loan applications.

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Fynanz Reaches Milestone With 50 CU Partners

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FICO Rolls Out Latest Version of Debt Collection Software

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Lending Stories

July 20, 2010

The combination of election-year politics and the desire of lawmakers not to have to choose between credit unions and community bankers have helped erect a series of roadblocks to raising the cap on member business lending.

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July 19, 2010

Collins First GOP Co-Sponsor of MBL Amendment

Sen. Susan Collins (R-Maine) has become the first member of her party to sign on as a co-sponsor of an amendment by Sen. Mark Udall (D-Colo.) that would raise the cap of 12.25% of assets to up to 27.5% of assets.

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July 19, 2010

Directly Deposited Benefits a Boon for Payday Lending, Report Says

A new report from the National Consumer Law Center suggests that the push to have more social security benefits deposited directly in recipients accounts has made those recipients vulnerable to payday lending.

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July 15, 2010

Matz Urges CUs to Closely Watch Risks of Energy Loan Program

Because of the risks to safety and soundness caused by some energy efficiency loans, credit unions should make "appropriate adjustments, to their underwriting criteria and collateral monitoring practices."

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July 14, 2010

Small Firms That Don't Use Credit More Profitable, Study Finds

More profitable, more liquid and having better credit quality are a few of the traits of smaller businesses that do not use credit, a SBA Office of Advocacy study revealed.

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July 13, 2010