Credit Union Times | Accurate and Timely CU News

Indirect Auto Lending: To Be or Not to Be

By Peter Westerman

Many financial institutions in America are visiting the topic of indirect auto lending. Some are considering entering the business for the first time.

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News

Mich. CU Business Financing Alliance Site Goes Live

Year-Old Tenn. Credit Union Finds Success Despite Great Recession

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Lending Stories

April 27, 2010

Wis. Bankers Lambast MBLs

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.

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April 27, 2010

Well-Managed Indirect Auto Loan Programs Are Essential for CUs

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.

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April 27, 2010

Student Loan Bill Brings Opportunity

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.

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April 25, 2010

NCUA Places St. Paul Croatian FCU Into Conservatorship

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.

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April 25, 2010

State Issues Cease and Desist on Seattle Payday Lender

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.

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April 22, 2010

Chetco FCU CUSO Picks Up What Banks Turned Down

Rejected by banks, a Washington-based medical practice made a huge step forward toward opening a 36,000-square foot office building thanks to Commercial Lending Solutions, a Chetco Federal Credit Union-owned CUSO.

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April 22, 2010

SBA Announces $2 Million Small Biz Innovation Grants

The SBA said today $2 million in grants are available to governors of states and territories to support programs for innovative and technology-driven businesses.

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Lending

Top Lending Stories

Indirect Auto Lending: To Be or Not to Be

Mich. CU Business Financing Alliance Site Goes Live

Year-Old Tenn. Credit Union Finds Success Despite Great Recession

Recommended Just For You

Lending Stories

Wis. Bankers Lambast MBLs

Well-Managed Indirect Auto Loan Programs Are Essential for CUs

Student Loan Bill Brings Opportunity

NCUA Places St. Paul Croatian FCU Into Conservatorship

State Issues Cease and Desist on Seattle Payday Lender

Chetco FCU CUSO Picks Up What Banks Turned Down

SBA Announces $2 Million Small Biz Innovation Grants