Lending

Private student loan program provider Fynanz received support from 28 state credit union leagues in conjunction with its partnership with CUNA Strategic Services.

Since the SBA's America's Recovery Capital loan program debuted last summer, First U.S. Community Credit Union has been flooded with applications and the deluge has led to bigger loans for the Sacramento, Calif.-based cooperative.

Some of the credit unions that lost money when US Mortgage CEO Michael McGrath fraudulently sold some of their loans to Fannie Mae have made progress in coming to a settlement with the mortgage giant and CUNA Mutual Insurance.

Elliott Kashner of Callahan and Associates says messaging matters in the MBL melee.

Those banks that have started easing their commercial lending standards have done so in response to increased competition from other banks and nonbank sources, according to a recent Federal Reserve Board survey.

A group of Ohio credit unions have announced an alliance to commit $150 million in assets to affordable student lending.