Lending

A Massachusetts subprime auto lender has been charged with allegedly collecting $110 million through the sales of unregistered securities notes.

The 8,000 members of the $71 million Members Federal Credit Union in Aurora, Colo., now can sign loan documents by Internet or smartphone.

Akcelerant’s loan origination tools have been added by the $1.3 billion Arizona Federal Credit Union to its existing collections software deployment.

Crippled by mounting commercial loan losses, the $1.6 billion Texans Credit Union was placed in conservatorship on April 15 by the NCUA.

American Airlines Federal Credit Union said recent convenience check campaigns were a success for the Texas-based CU.

The National Federation of Community Development Credit Unions has joined with some peers to hail recent trends in the field.