Credit Union Times | Accurate and Timely CU News

Cumorah CU Problems Linked to Commercial Real Estate, Says Simons

By Jim Rubenstein

The financial struggle plaguing the $157 million Cumorah Credit Union in Las Vegas can be traced to one big factor: Nevada's commercial real estate bust.

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Sign of the Times: FHA Takes on Higher Profile

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Randolph-Brooks FCU's Sekula Pushes for More Lending

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October 12, 2009

Members 1st FCU in Middle of Entertainment Complex Wrangle

An entertainment center may face liquidation over bankruptcy protection weeks after Members 1st Federal Credit Union, the mortgage holder, stepped in to pay off back taxes to keep the megaplex operating.

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October 08, 2009

Tenn. CU Files Claim Against Murdered NFL Player's Estate

Old Hickory Credit Union, based in Old Hickory, Tenn., has filed a claim against the estate of former Tennessee Titan football player, Steve McNair, who was killed in a murder-suicide earlier this year.

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October 08, 2009

Oregon Lending CUSO Reaches $2 Billion Milestone

CU Business Group LLC announced today it has reviewed more than $2 billon in member business loans since the CUSO launched in 2002.

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October 08, 2009

MBL Activity Eases as CUs Remain Cautious

As record growth starts to ease up, it is clear that some credit unions are pulling back on member business lending activity.

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October 06, 2009

CO-OP Acquires CUNA Mutual's LoanLink Center

CUNA Mutual has announced that effective Oct. 31 CO-OP Financial Services will take over its LoanLink Center.

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October 06, 2009

LSI, Matrix Manager in Joint Offering

A turnkey auto loan recapture program for credit unions is now being offered by Lending Solutions Inc. and Matrix Manager, the companies said.

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October 04, 2009

SBA: Recovery Act Sparks Loan Volume Turnaround

The SBA said its two largest programs have approved $11.3 billion in loans as a result of reduced fees and higher guarantees under the American Recovery and Reinvestment Act.

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Lending

Top Lending Stories

Cumorah CU Problems Linked to Commercial Real Estate, Says Simons

Sign of the Times: FHA Takes on Higher Profile

Randolph-Brooks FCU's Sekula Pushes for More Lending

Recommended Just For You

Lending Stories

Members 1st FCU in Middle of Entertainment Complex Wrangle

Tenn. CU Files Claim Against Murdered NFL Player's Estate

Oregon Lending CUSO Reaches $2 Billion Milestone

MBL Activity Eases as CUs Remain Cautious

CO-OP Acquires CUNA Mutual's LoanLink Center

LSI, Matrix Manager in Joint Offering

SBA: Recovery Act Sparks Loan Volume Turnaround