Lending

Automotive sales in August showed some traction, said NAFCU in its Macro Flash Report, reporting an overall increase of 1.4% to 7.3 million units (an increase of 100,000 cars). The Big Three automakers fared better still, with General Motors posting a 16.2% increase. Both Honda and Nissan sales were the...

Five years after it was founded, Teres Solutions Inc. has its first CEO.

While Auto Advisors and Advantage Auto Finders are both growing their business with credit unions, there are other options available to CUs. Many individual CUs run their own auto advisory service with their own staff. Some hire consultants to fill the need.

As a result of more aggressive competition from other banks or nonbank lenders, some banks have recently reported easing their lending standards or terms as a result of more aggressive competition from other banks or nonbank lenders.

As it seeks to sell off faulty loans and find eventual buyers for the failed Norlarco Credit Union as well as an Ann Arbor, Mich.-CU in similar straits, NCUA moved quickly here last week to calm jittery members.

Even in hard times, Americans still love their cars and take to the open road. Rising gas prices didn't put a dent in the summer family-drive vacation. The credit crunch, job losses and the war in Iraq may make headlines, but Americans are still buying cars. They have made an...