Lending

Agency discounts reports that settlement reached with former WesCorp chief investment officer Robert Burrell.

In what CUNA Deputy General Counsel Mary Dunn acknowledged has become a somewhat rare occurrence, CUNA has commented in a largely approving manner on the NCUA's most recent proposal for how CUs should track troubled debt restructured loans.

Student loans are poised to become the next big consumer debt debacle. Total outstanding student loan debt is expected to top $1 trillion this year, more than double the amount owed just five years ago. That would push it well above the amount of credit card debt outstanding, which totaled...

Credit unions in Michigan continue fill in the gaps left by other financial institutions that have scaled back their lending to small businesses.

In what CUNA Deputy General Counsel Mary Dunn acknowledged has become a somewhat rare occurrence, CUNA has commented in a largely approving manner on the NCUA's most recent proposal for how CUs should track troubled debt restructured loans.

Octant Business Services LLC said it is giving its nine credit union owners a 10% dividend after reporting its highest net profit in the CUSOs history.