Lending

Industrial giant General Motors Corp. today requested court approval to enter bankruptcy.

The Pennsylvania State Employees Credit Union is doing its part this month to help out state employees who face losing paychecks as the state grapples with a July 1 budget deadline.

With much fanfare, the $2 billion Affinity Federal Credit Union marked its first ever Small Business Administration loan-a $150,000 loan to a New Jersey technology firm.

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.