Lending

DALLAS -- Texas Credit Union Commissioner Harold Feeney said his agency is working closely with the $2 billion Texans Credit Union after the institution has taken substantial hits in its construction and development portfolio.

NEW YORK -- Don't penalize your members for the bad economy and take advantage of the credit crunch by reaching out to those having trouble getting loans from weary banks.

LAS VEGAS -- American Credit Union Mortgage Association President Bob Dorsa said he can't shake the feeling that credit unions are at least partly to blame for losses in the mortgage industry. And, the recent state lawsuits brought against Countrywide Financial Corp. aren't helping any.

NEW YORK -- Equifax is now offering an online account opening solution. The APPRO offering gives credit unions and banks access to account opening, cross selling, consumer and business lending on a single platform, the company said.

NEW YORK -- Equifax is now offering an online account opening solution. The APPRO offering gives credit unions and banks access to account opening, cross selling, consumer and business lending on a single platform, the company said.

FAIRBORH, Ohio -- myCUmortgage, a division of Wright-Patt Financial Group, was named 2007 CUSO of the year by Prime Alliance. The CUSO was cited for its home loan volume and client relations.

GLENDALE, Calif. -- Credit union attorney Joe Melchione and American Credit Union Mortgage Association President Bob Dorsa both said credit unions that did business with Countrywide Financial Corporation shouldn't worry about recent lawsuits filed by the states of California and Illinois against the nation's largest mortgage lender.

WASHINGTON -- In just under a year's time, the Small Business Administration's Patriot Express pilot loan initiative has approved more than $150 million in loan guarantees to nearly 1,500 veterans and their spouses, the agency said.