Lending

The now $3 million Mid East Tennessee Community Credit Union turned one-year-old this past March and organizers report the new CU is thriving despite the down economy.

Pulling from a 2003 Government Accountability Office study, the Wisconsin Bankers Association offered what it considered evidence that most NCUA examiners do not have enough experience to effectively monitor commercial loans at credit unions.

I just read Brett Christensen's comments in the article titled, "Is Indirect Lending a Romp in the Devil's Playground?" in the April 7 issue.

The Student Aid and Fiscal Responsibility Act, which was included in the health care reconciliation bill that was enacted last month, directly impacts higher education financing programs guaranteed by the federal government.

Following a quarter in which St. Paul Croatian FCU reported a substantial decline in the value of its real estate and secured loans, the NCUA on Friday placed it into conservatorship.

Moneytree Inc., a Seattle payday lender, was hit late last week with a cease and desist order by Washington state regulators alleging the firm allowed borrowers to take out an excessive number of loans violating rescinding rules.