Credit Union Times | Accurate and Timely CU News

Automated Payment Deferral Solution Launched

By Marc Rapport

Credit unions that manually manage deferred payment plans can now automate the process, according to CUBUS Solutions.

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NCUA, National Federation Sponsoring Joint Call on TARP for CDCUs

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SECU $500,000 Loan to Shelter Homeless, Runaway Youth

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February 18, 2010

SBA to Reactivate Recovery Loan Queue

The SBA told credit unions and other lenders today that it will reactivate the Recovery loan queue by Feb. 22 to ensure that the $125 million appropriated to the agency in December will go out the door much faster to small businesses.

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February 17, 2010

Schumer Wants to Include MBL Hike in Future Legislation This Year

Credit unions got a glimmer of hope today when Sen. Charles Schumer (D-N.Y.) said he still would like to have legislation to lift the cap on member business lending.

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February 16, 2010

Following DMV Lead, Texans Credit Union Goes Paperless on Auto Titles

After the Texas Department of Motor Vehicles implemented its electronic lien and title program in November, Texans Credit Union decided to move to an electronic title system.

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February 16, 2010

Conn. CU League Is Wary of Walmart

The Connecticut Credit Union League is joining the industry watch on Walmart Stores' move into financial services by issuing a member alert on the retailer's start of check-cashing in all 33 of its Connecticut stores.

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February 16, 2010

Invest in America Incentives Target Employee Groups at CUs

Credit union members in specific professions will be able to take advantage of an additional incentive offer through Invest in America.

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February 16, 2010

Obama Proposes Temp Increase in SBA Cap

President Obama has proposed temporarily increasing the cap on SBA Express loans from $350,000 to $1 million in the latest effort to jump-start business lending.

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February 16, 2010