Lending

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.

The NCUA will remain the owner of houses in Florida, at least for the time being.

Starting June 15, the Small Business Administration will roll out its America's Recovery Capital program that features interest free loans and deferred payments of up to $35,000, the agency announced today.

The management team of the now-defunct Norlarco Credit Union inadequately managed its residential lending program, while NCUA and Colorado regulators didn't monitor the credit union closely enough or pay attention to safety and soundness concerns.

The debt-to-income ratio of credit union members applying for mortgage modifications during the last year was 50.5%, according to NAFCU's Flash Report released today.

The $3 billion Randolph-Brooks Federal Credit Union has been named the Small Business Administration's top 7(a) program lender in the small lending category.