Lending

Credit union lobbyists with the Wisconsin Credit Union League gear up to support a cap the interest on so-called payday loans at 36%, but pointed out the state's credit unions are already fighting the problem.

A 30-year, fixed-rate mortgage averaged 4.87% last month, according to data released today by the Federal Housing Finance Agency.

The $1.6 billion Space Coast Credit Union has launched a program to allow members to donate 50% of the points they earn on specially marked credit and debit cards to go to support research against breast cancer.

The Mortgage Bankers Association reported today that fixed-rate mortgages made to prime borrowers accounted for nearly one-third of new foreclosures during the first quarter of 2009.

A series of marketing and communications efforts are being planned by Space Coast Credit Union to refuel Eastern Financial Florida Credit Union's slowed loan production.

President Obama's proposal to transfer a key student loan program from financial institutions to the government would hurt credit unions and students.

Credit union employees who want to help their institution maximize its recovery of delinquent loans can sign up for NAFCU's June 3 Webcast.

To help members rebuild their credit, Family First Federal Credit Union has rolled out a new loan that will not deny an applicant based on their credit score.