Lending

LANSING, Mich. -The Michigan Credit Union League teamed up with CUNA, other Midwest leagues and General Motors Corp. Wednesday in rolling out a $10 billion package of low-rate loans to purchasers of GM brands.

WASHINGTON -- Federally insured credit unions have increased loan-loss provisions substantially during the past 12 months, according to the NCUA. Provision for loan-loss expense to average assets was 0.71 as of Sept. 30, 2008, up 92% from 0.37

LANSING, Mich. -- Michigan is at the top of the nation with a whopping 9.3% unemployment rates, but the state's credit unions appear to be faring well.

St. PETERSBURG, Fla. -- Card Services For Credit Unions reiterated its advice to member credit unions to prudently continue their credit card lending.

DENVER -- Several Colorado organizations are co-sponsoring a series of statewide forums to offer small businesses strategies to work through the current recession.

HONOLULU -- The Small Business Administration will meet with several Hawaii-based credit unions and banks this month to discuss how the agency can help their small business members and customers.

NEW YORK -- Clifford Rosenthal, CEO of the National Federation of Community Development Credit Unions, has been recognized by the Opportunity Finance Network for his work to support community development lending.

WASHINGTON -- The Department of Treasury's plan to establish a term asset-backed securities loan facility could bring some relief to credit-starved small businesses, the Small Business Administration said.