Lending

Congress wont undertake a massive overhaul of the regulatory system during the next two years, but there will no shortage of action on lower profile issues that impact credit unions.

A professor of law at Brooklyn Law School argued that credit unions should back the privatization of Fannie Mae and Freddie Mac, provided they can also ensure they get the same access to a privatized secondary mortgage market that banks would get.

As it’s grown, credit unions and their volunteers have become an integral part of VITA, the Volunteer Income Tax Assistance program that provides free help on returns to those who qualify–and that’s millions of American households.

For San Antonio, Texas-based Generations Federal Credit Union, helping out members has meant making the sorts of loans it had never made before or had even contemplated making.

Over his 37-year career in financial services, James Pendulik frequently pulls from an old sports expression: "You need to have the horses." The senior vice president, chief financial officer and chief operating officer at the $238 million Fairfax County Federal Credit Union in Fairfax, Va., refers to the idiom when...

The credit union industry is known for its kinship. Few dare to go on record and point fingers at their credit union peers for poor loan performance.