Lending

CO-OP Financial Services has finished buying CO-OP LoanLink from CUNA Mutual Insurance Group, the CUSO has announced.

Altura Credit Union is doing its part for furloughed University of California Riverside employees.

After months of restructuring attempts, small business lender CIT Group Inc. said it has filed for Chapter 11 bankruptcy protection in part to get rid of $10 billion in debt.

Credit union mortgage lenders who sell their mortgages may face higher hurdles from the newly drafted Financial Stability Improvement Act.

The SBA said it will launch a secondary market guarantee program with the aim of providing greater liquidity for credit unions and other lenders.

The $1.7 billion Michigan State University Federal Credit Union will close a mortgage electronically for the media on Thursday as members finalizing their mortgage documents will do so entirely through touch screen computers.