Lending

SAN FRANCISCO -- The $2 billion Addison Avenue Federal Credit Union, Palo Alto, Calif., has formally shut down its link to the ill-fated Zopa peer-to-peer network.

TAMPA BAY, Fla. -- NAFCU will be offering a seminar on how the mortgage crisis is affecting credit unions at its next hot topic meeting.

BOSTON -- By the end of 2008, 40% of all U.S financial institutions will have adopted remote deposit capture as credit unions continue to use the tool to court the small business market, according to new Celent report.

WASHINGTON -- Senate Banking Chairman Christopher Dodd (D-Conn.) has announced plans to put together a legislative package that will include a temporary moratorium on foreclosures and legislation to stop predatory lending.

SOUTH JORDAN, Utah -- Faced with an ongoing credit crunch, small businesses looking for capital should consider credit unions as an alternative, according to one prominent CUSO.

HIGHLAND PARK, Ill. -- A new study of the financial needs of prospective students suggested that credit unions could play a key role in helping them meet student loan needs.