Lending

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.

The House last week was slated to pass a bill establishing a $30 billion fund for community banks to draw on to increase business lending.