Lending

Keeping the momentum going, Sen. Mark Udall (D-Colo.) is scheduled to speak at the Credit Union Association of Colorado this morning to promote legislation that would raise the member business lending cap.

The $1.7 billion HarborOne Credit Union is the latest to become an SBA preferred lender enabling faster loan turnarounds and approvals.

Members of five Ohio credit unions can now shop for and finance their cars through their credit unions' Web site using a new online service from Aimbridge Indirect Lending LLC and a subsidiary of the Ohio Credit Union League.

The $755 million Columbia Credit Union has hired Steve Okazaki, a 25-year banking industry veteran, to assist with the cooperative's commercial lending operations.

Credit union employees wanting to learn more about doing business with mortgage buyer Fannie Mae can sign up for the company's Feb. 3 Webcast on its newly revised Selling Guide.

More than 110,000 homeowners have had their mortgages modified or received offers to do that through the government's program, the Treasury Department reported today.