Lending

ANCHORAGE, Alaska - When it comes to member business lending, Alaska stands out among credit unions in the Lower 48 and Hawaii. Of the 13 credit unions here in the "Last Frontier" state, 10 currently have MBLs on the books. The distinction is the average loan is roughly $545,000, which...

SAN ANTONIO - San Antonio Federal Credit Union is going first again. Perhaps the first credit union in the country to do indirect auto lending, beginning nearly 20 years ago, the $1.8 billion CU now is the first to use DealerTrack's eContracting, a document system that SACU officials say is...

Despite some mortgage experts' predictions of a housing bubble, there was no let up in mortgage lending activity among credit unions nationwide in the first quarter 2005. As shown in the chart below of CU mortgage activity by state as of March 2005, CUs generated a total $11.9 billion in...

RALEIGH, N.C. - Being one of the leading credit union mortgage lenders in the U.S. hasn't stopped State Employees' CU from making widespread changes to its mortgage lending programs since the beginning of the year. In fact, hard as it may be to believe that a credit union that originated...

WASHINGTON - The transition the mortgage market is going through - from a refi to a purchase market - is creating a ripe environment for Fannie Mae's 40-year fixed rate mortgage. The concept of purchasing 40-year mortgages is not new to Fannie Mae. Mercy Jimenez, SVP for Single Family Mortgage...

TAMPA, Fla.-Housing and Urban Development Secretary Alphonso Jackson applauded credit unions' efforts to create housing opportunities during his address at NCUA's Access Across America Economic Empowerment Summit in Tampa, Fla. recently. "In fact, NCUA is one of the Administration's strongest allies in boosting minority homeownership," he stated. "Two and a...