Lending

The opportunity for credit unions as private student lenders remains strong, according to Jon Jeffreys, president of CU Student Choice, despite possible big changes in the student lending market outlined in President Obama's 2010 budget proposal.

The continuing problems of the economy in general and the housing market in particular have again taken their toll on Fannie Mae, which reported a $58.7 billion loss for last year.

The city of Boston has rolled out a $350,000 micro loan fund which will be serviced by Tremont Credit Union.

Crisis management firm NachmanHaysBrownstein, Inc., said it didn't intend for its press release to imply one credit union client was to blame for the recent bankruptcy filing of U.S. Mortgage Corp. and its CU National Mortgage subsidiary.

A payday loan program offered by the $814 million Nevada Federal Credit Union has started to draw the attention of the mainstream press.

OSU Federal Credit Union CEO Rick Hein testified on Aug. 4 before the U.S. House Subcommittee on Finance and Tax on how credit unions can help small businesses access capital.