Lending

Bottom lines will be squeezed for the next year or two. They probably won't rise until unemployment declines. What does that mean for credit unions? It means it's time to start getting rid of some friction.

The Obama administration put its support for raising the cap on member business loans to as much as 27.5% assets in writing yesterday.

Credit unions and other lenders have received word that the SBA has reactivated the Recovery Act queue to possibly approve more loans if additional funding becomes available.

WASHINGTON -- Credit unions last week received a ray of good news on their goal of raising the cap on member business loans.

With competition coming back strong into the auto lending market, many indirect lending supporters argue that if a credit union is not at the dealership, it is missing out on loans.

The economic downturn of the past two years has been tough on banks, but it has presented the best opportunity in decades for credit unions to grow by expanding their base of auto loans.