Lending

Credit union mortgage lenders came off a record breaking year in 2009, but industry executives fear 2010 may not see the same sorts of gains.

In another effort to jumpstart business lending, President Obama has proposed temporarily increasing the cap on SBA Express loans from $350,000 to $1 million.

While they understand that the downturn has led lenders to significantly scale back their business lending activity, financial regulators, including the NCUA, are urging them not to become "overly cautious."

Three credit unions were recently ranked among the top private student lenders in the country, according to Student Lending Analytics.

Financial regulators including the NCUA released a statement today reassuring their regulated institutions that prudently made small business loans would not face "regulatory criticism."

However Congress reforms the government-sponsored enterprises for the secondary mortgage market, NAFCU wants lawmakers to ensure stability in those markets through that reform.