Credit Union Times | Accurate and Timely CU News

ACUMA to Present Credit Union Option at NAR Annual Convention

By Staff Writer

The American Credit Union Mortgage Association (ACUMA) announced today that they would present a credit union-related breakout session to some 30,000-expected attendees to the Annual Convention of the National Association of Realtors taking place here Nov. 13-16.

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University of Wisconsin CU Launches Home Attainable Program

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Wisconsin Credit Union League Ramps Up Foreclosure Prevention Efforts

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Lending Stories

July 17, 2007

SWBC Launches Reverse Mortgage Division

Southwest Business Corporation recently announced that it has added a Reverse Mortgage Division to its credit union mortgage services menu. SWBC President/CEO Gary Dudley said the company recognized the growing demand for the product and was responding to CU-client inquiries.

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July 17, 2007

Centrix Loans Were Bad Deal for Members; How Much Did CUs Know?

If you are shopping for a used car and you have less than A or B credit, you'll pay a higher interest rate on a loan. That's a given, and even subprime borrowers who aren't financially savvy know it from experience. But just how bad a deal can you get?...

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July 13, 2007

Arizona CU Launching Employer Payday Link

In a novel twist to payday lending, a Phoenix credit union, the $1.1 billion Arizona State, has agreed to a partnering pact with a Tucson health care employer to help its workers "break the debt cycle" to payday shops.

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July 10, 2007

Business Lending Cap Discussed by NJ CUs

Paragon Federal Credit Union said its member business lending program is "totally maxed out" and is feeling the pains of the federal regulatory cap on such loans.

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July 10, 2007

South Carolina Credit Union Scores Big on Payday Product

Debuting what is being called an innovative approach to payday products, the $200 million Family Trust Federal Credit Union has rolled out "Lifeline Advance" loans incorporating both a savings feature and a $35 program fee.

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July 10, 2007

Credit Union Savings Continue to Climb Through May, Lending Up but Slowing

May savings came in strong even without the "payroll effect" and in line with CUNA's forecast, according to Chief Economist Bill Hampel.

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July 10, 2007

Regulators Issue Guidance on Subprime-Lending Abuses; Congress Considers Legislation; Home Equity Declines

June 27 marked a turning point in the continuing tale of woe in the subprime mortgage market, with federal regulators issuing new rules that go into effect immediately.

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Lending

Top Lending Stories

ACUMA to Present Credit Union Option at NAR Annual Convention

University of Wisconsin CU Launches Home Attainable Program

Wisconsin Credit Union League Ramps Up Foreclosure Prevention Efforts

Recommended Just For You

Lending Stories

SWBC Launches Reverse Mortgage Division

Centrix Loans Were Bad Deal for Members; How Much Did CUs Know?

Arizona CU Launching Employer Payday Link

Business Lending Cap Discussed by NJ CUs

South Carolina Credit Union Scores Big on Payday Product

Credit Union Savings Continue to Climb Through May, Lending Up but Slowing

Regulators Issue Guidance on Subprime-Lending Abuses; Congress Considers Legislation; Home Equity Declines