Lending

The NCUA placed Family First FCU into conservatorship last night and said its problems stemmed from difficulties with its loan portfolio.

An uptick in the SBA's 7(a) loans has helped the agency's secondary market increase lending activity.

Credit unions won a victory Thursday night when a Senate committee approved an amendment to remove a provision that would limit credit card interchange rates on government transactions.

Partisan maneuvering derailed, at least temporarily, Senate action on s small business lending bill.

Sen. Mark Udall today urged his colleagues to ignore the objections of the banking lobby and raise the cap on member business loans.

PSCU Financial Services has expanded its CUCollect credit card collection service to offer collection efforts on other types of loans.