Lending

ATLANTIC CITY, N.J. -- NCUA Associate Region II Director for Operations Herb Yolles told New Jersey credit unions today that NCUA examiners are going to on the lookout for five particular problems.

NAFCU has refrained from making concrete suggestions about what sort of structure a new Fannie Mae or Freddie Mac might one day have but has urged legislators to preserve their ability to help CUs manage mortgage liquidity.

ATLANTIC CITY, N.J. -- Credit unions need to buck up and take responsibility for their financial issues, according to Brett Christensen, owner of CU Lending Advice, LLC.

Severe weather and consumer reluctance to spend money combined to cause a 0.6% decline in existing home sales last month, the National Association of Realtors, reported today.

As the SBA gears up for its annual festivities honoring small businesses, credit unions could once again be among the candidates recognized for their lending efforts.

One of Arizona's troubled and undercapitalized credit unions, the $370 million AEA FCU of Yuma, acknowledged Monday it is closing a branch, downsizing staff and "put out merger feelers" but is still prepared to go it alone in 2010.