Lending

In the economy's heyday, when the flow of credit gushed abundantly to small businesses and lines of credit and leased new equipment were granted freely, some lenders seldom, if ever, asked for a personal guarantee. Then the recession hit.

Another state has passed a law capping interest on payday loans.

Add the $452 million First Credit Union to the growing list of credit unions recognized by the SBA for their lending efforts.

Are credit unions really able to offer short term, low dollar value loans meant to compete with payday lenders?

Credit unions that offer the EdAccess student loan from Fynanz have announced they are joining together to create a new CUSO, CU Student Lending LLC.

The real estate crisis, hitting across the country, has put 1 million homes in the hands of banks and credit unions with home loan delinquencies now topping 10%, CUNA Mutual Group's Jeff Post told Southeast CU conferees Thursday.