News

MADISON, Wis. - More credit unions are turning to remote channels to increase their lending growth and cross-selling their financial products and services during the loan transaction to stay competitive. This, according to the latest Lending Strategies and Trends Research report from CUNA Mutual Group. Seventy-six percent of credit unions...

DALLAS - A number of surveys are highlighting the growing number of small business owners that are using debit and credit cards for a variety of reasons. According to the Nilson Report, a credit card industry publication, small business cards are expected to reach 12.1 million by the end of...

MILWAUKEE - U.S. Small Business Administration Administrator Hector Barreto will deliver the keynote address at the NCUA's Access Across America Economic Empowerment Summit here on July 20. NCUA Chairman JoAnn Johnson said the Board is pleased to welcome Barreto pointing out the regulator's proposed rule amends the member business lending...

PHOENIX - Newtek Business Services recently announced its completed acquisition of CrystalTech Web Hosting Inc., which provides Web hosting and now, small business loans, credit card processing and tax services to its clients. According to Tim Uzzanti, CrystalTech's CEO, the acquisition affords both principals the ability to co-market products and...

NAPERVILLE, Ill. - Baker Hill, a business solutions provider, will participate in Bator Training & Consulting, Inc.'s Business Lending & Trust Seminars for Credit Unions this fall. Formed in 2001, BTC is a training and consulting firm. Pat Spencer, credit union solutions manager for Baker Hill, will facilitate an in-depth...

WASHINGTON - What appeared to be a major win for U.S. Small Business Administration's 7(a) loan program with the House of Representative's recent approval of nearly $80 million in additional funding, is getting a lukewarm reception from the agency as it continues to seek zero subsidy from the federal government....