Lending

Are credit unions really able to offer short term, low dollar value loans meant to compete with payday lenders?

Credit unions that offer the EdAccess student loan from Fynanz have announced they are joining together to create a new CUSO, CU Student Lending LLC.

The real estate crisis, hitting across the country, has put 1 million homes in the hands of banks and credit unions with home loan delinquencies now topping 10%, CUNA Mutual Group's Jeff Post told Southeast CU conferees Thursday.

For some credit unions, it may be taking longer to fill senior lending positions because candidates may lack the ability to think strategically, said Bill Vogeney, secretary and treasurer for the CUNA Lending Council.

Does a payday loan alternative program have to be unprofitable to be good for members?

Credit unions in Michigan looking to launch or jumpstart their stalled SBA lending programs are invited to attend two, free training sessions in July.