Lending

Allowing members in good standing to skip a loan payment during the holiday season can provide them with an extra financial cushion to help cover their expenses.

The SBA said its loan management and accounting systems could experience the largest savings under the agency's $985 million budget for 2012.

Community Plus Federal Credit Union, Rantoul, Ill., has used the money it received under the Community Development Capital Initiative program to increase its auto lending.

Fannie Mae and Freddie Mac should eventually be abolished and the government should cut back its role in the housing market while financial institutions should hold more capital, according to a report issued today by Treasury and HUD.

LendingTools.com CEO Eric Goering positioned yesterday's announcement that the Wichita, Kansas-based developer of correspondent tools had won its first credit union deal with Kansas Corporate Credit Union as a victory 10 years in the making.

Beginning Feb. 15, credit unions and other lenders in the SBA's preferred lender program will be able to approve the agency's new loans to aid underserved communities.