Lending

NCUA Board Chairman Debbie Matz has urged credit unions to "redouble" their efforts to help Americans who are struggling with heavy mortgage debt and other real estate loans.

Being able to provide small businesses with the capital they need to create jobs and lift up the nation's economy should supersede any "turf" banks are trying to guard, said Texas Credit Union League Chief Advocacy Officer Buddy Gill.

NCUA is reviewing 5300 call reports, and any significant increases in member business lending, indirect lending, or loan participation delinquencies will result in an unscheduled visit from an examiner.

Barring any last minute switch by Arizona lawmakers, the state's payday lenders will be closed effective June 30.

The newly-merged, $1.5 billion Lake Trust Credit Union of Lansing, Mich. looks to get permanent signage ready by July 1, complete data processing conversion by year-end and is hoping a 3.99% teaser loan rate builds some auto loan volume.

Turned down by several banks, the owners of a Texas bagel shop were able to get their restaurant up and running thanks to an SBA loan through Randolph-Brooks Federal Credit Union.