Lending

Callahan & Associates has criticized data that recently appeared in USA Today in reporting on credit union's use of overdraft protection programs.

The $7 million Neighborhood Trust Federal Credit Union was one of several lenders that provided financing to more than 100 Hispanic business owners during a recent entrepreneurial fair in New York.

Those small businesses that did not have a lien, judgment, collection filing, bankruptcy or severe payment delinquencies prior to the start of the economic downturn in 2007 are doing better than other firms.

Credit unions already enrolled in the U.S. Treasury Department's Making Home Affordable Program said they are working hard to help members behind on their mortgages make it through the so-called "waterfall test."

Credit unions had $235.9 billion in outstanding consumer credit in June, up from $235.6 billion in May, according to data released late Friday by the Federal Reserve.

The $14.5 billion Vancity Credit Union said it has sold the majority of its retail loans offered through its online banking division after the service failed to take off.