Lending

The administration at Arizona State University expressed thanks Tuesday to the $1 billion Arizona State Credit Union for devising a "rescue" loan package to aid employees who have undergone financial hardship following a payroll conversion.

The administration at Arizona State University expressed thanks Tuesday to the $1 billion Arizona State Credit Union for devising a "rescue" loan package to aid employees who have undergone financial hardship following a payroll conversion.

The Credit Union Mortgage Alliance Network has been selected by Bank-Fund Staff Federal Credit Union, Washington, to act as its "National Mortgage Center" to fulfill the CU's effort to provide nationwide mortgage services for its members.

NAFCU's Macro Flash Data analysis for the month of May found the pace of consumer borrowing at a healthy $12.9 billion (seasonally adjusted) pace. This was more than double what was projected by economists, said NAFCU. Both revolving and non-revolving credit was up, reflecting strong consumer demand for products. Credit...

Bad weather report number one: the median price of a home here in Palm Beach County has dropped 6.8% from a year ago. Number two: the Florida Association of Realtors reported last week that home sales slumped 19%. Number three: a state constitutional amendment will be on the ballot January...

In the April 18, 2007 edition of Credit Union Times, Brian Hague, CFA president/CEO of CNBS, LLC noted that the housing slump resulting from the subprime mortgage meltdown was gaining traction, and threatened the broader economy. There was no consensus then, but three months later the bandwagon is rather more...