Credit Union Times | Accurate and Timely CU News

From Taxicab Medallions to 'Heirloom Tomatoes,' Credit Unions Pivotal in Backing Certain Business Loans

By Michelle A. Samaad

The bread and butter for some credit union business lending programs are tied to unique offerings such as taxicab medallions, crops and agricultural equipment helping to create a "built-in competitive advantage in making these types of loans and unlocking the wealth contained in certain assets," according to a new report.

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Navarro Provides ACUMA with Primer on Economic Forecasting

'Restructuring' of Mortgage Industry Affords a CU Breakthrough; Survey Sez: CUs 'Crush' Banks in Loyalty

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Lending Stories

October 01, 2007

Lending Solutions Ranks Largest in CU Call Center Space

Lending Solutions Inc., a provider of lending center services and consulting programs for financial institutions, announced that it has been named the largest call center provider in terms of market share within the credit union space, according to Callahan & Associates.

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September 28, 2007

Member Business Lending Originates 70% of CU SBA 7(a) Loans

Seventy percent of all credit union Small Business Administration 7(a) loans were originated by clients of Member Business Lending, LLC as of Aug. 31, a 14.1% increase from the previous reporting period, the CUSO said this week.

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September 27, 2007

Consumer Groups Point to Coming Military Lending Law

The federal law, which will prevent members of the military from being charged more than 36% for most sorts of loans, goes into effect on Monday and has earned the praise of three long-term opponents of payday lending.

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September 27, 2007

SBA Debuts Underserved Market Outreach Program

Credit unions and banks are being called on by the Small Business Administration to help provide capital to entrepreneurs in some of the country's most rural areas through a series of new programs.

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September 26, 2007

Spotlight Shines on Space Coast CU's MBL Program

Two long-time members recently sang the praises of Space Coast Credit Union's business lending program in an article that appears in a Florida newspaper.

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September 26, 2007

Spotlight Shines on Space Coast CU's MBL Program

Two long-time members recently sang the praises of Space Coast Credit Union's business lending program in an article that appears in a Florida newspaper.

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September 25, 2007