Lending

The early success of a credit union small business financing program is one example of how cooperatives are helping out, said David Adams, president/CEO of the Michigan Credit Union League.

While banks are still needed to help bolster the economy, in the meantime, credit unions have much to offer the small business

he Senate last Thursday passed pass a small business lending bill-which includes a $30 billion fund to encourage community

Saying that the "pace of recovery and output has slowed," the Federal Reserve's Open Market Committee announced today it would leave interest rates unchanged.

Building on its previous success and experience with purchasing credit union credit card portfolios, TMG Financial Services has announced it will do something similar for other CUSOs seeking credit lines.

Community development credit unions that applied for funds from the Community Development Capital Initiative have started to receive them.