Lending

Since applying for a federal credit union charter in February, micro-lending bank Grameen America continues to make connections in North Carolina on serving poor people neglected by mainstream financial institutions.

On the mind of many of the 130 attendees at CU Business Group LLC's recent conference was the state of the commercial real estate market.

A variety of reasons are behind credit unions' strong performance in the market for first mortgage loans, according to an executive with Callahan and Associates.

The pullout by banks in financing nonprofit charities opened the door to Alabama's largest credit union, the $2.5 billion Redstone FCU, for a linkup with a local YMCA.

The $1.4 billion Baxter Credit Union has joined the echelons of 60 peers that service more than $1 billion in mortgage loans, even though it has only been in the mortgage business for eight years.

Members of Eastern Financial Florida Credit Union will soon be able to open deposit accounts and apply for loans over the phone thanks to its merger partner Space Coast Credit Union.