Lending

As record growth starts to ease up, it is clear that some credit unions are pulling back on member business lending activity.

CUNA Mutual has announced that effective Oct. 31 CO-OP Financial Services will take over its LoanLink Center.

A turnkey auto loan recapture program for credit unions is now being offered by Lending Solutions Inc. and Matrix Manager, the companies said.

The SBA said its two largest programs have approved $11.3 billion in loans as a result of reduced fees and higher guarantees under the American Recovery and Reinvestment Act.

LAS VEGAS - A leading loss mitigation executive told participants of the American Credit Union Mortgage Association meeting that the nation will need to correct its mortgage policy in order to stop ongoing waves of foreclosures.

LAS VEGAS -- The American Credit Union Management Association is soliciting its members about the position the association needs to take on a legislative proposal that would extend the $8,000 new home buyer tax credit.