Lending

Two credit unions headquartered in Pennsylvania have signed on with CUC Mortgage, a credit union mortgage CUSO with roots in the Credit Union Association of New York.

Members Cooperative Credit Union has become the first in Minnesota to join the network of credit unions using the Fynanz Inc. turnkey private student lending platform, the company said.

More than 1,000 people tuned in yesterday to the NCUA's Webinar on member business lending with delinquencies and examiners' expectations being among the hottest topics of discussion.

As state colleges and universities have asked employees to take unpaid days during the school year to help rein in their budgets,

A recent CUNA survey on the liquidation of vehicle repossessions found that credit unions are dedicating a significant number of hours each month to processing repossessed vehicles and are not happy with the results they are seeing.

Outstanding loan balances increased 1.2% during the third quarter and share balances increased 8.8% through September, according to analysis of aggregated 5300-call reports by Callahan & Associates.