Lending

WASHINGTON -- CUNA President/CEO Dan Mica and Steve Preston, administrator of the Small Business Administration, met today to discuss the credit union industry's growing participation in the agency's loan programs.

WASHINGTON -- SBA Administrator Steve Preston will tour areas today in the southeastern U.S. damaged by tornadoes, and inspect the agency's disaster recovery operations.

The below statistics on credit union mortgage lending show that the overall portfolio has grown but is held mostly in fixed-rate loans, balanced with other product categories.

The year 2007 was different for everyone in the mortgage industry. Much has already been reported in the media, but there is probably a lot more that could have--and should have--been said.

GFA Federal Credit Union recently announced it is offering a reverse mortgages program--yet another home loan option to serve members' financial needs.

Los Angeles FCU here didn't need a Federal Reserve rate cut to offer a great deal on Home Equity line of Credit loans (HELOCs). LAFCU is featuring a 3.49% introductory rate for six months and a ten-year draw and still finds plenty of takers. With no points and no annual...