News

Many of the credit unions with the highest Net Member Business Loan Balances are well above the $100 million mark. A handful have the distinction of being in the $200 to nearly $500 million balance echelon.

Member business loans are proving to be a windfall for credit unions that have made the move into that lending area. The top 50 credit unions with the highest outstanding loan balances show the average total loan balance to be more than $110 million, according to Callahan & Associates, Inc....

NAFCU's 37th Annual Conference and Exhibition kicked off in Vancouver, British Columbia at press time. Credit Union Times provides a look at the opening general session on page 8. Full conference coverage will appear in the July 28 issue.

WASHINGTON - Speaking at the National Small Business Summit of the National Federation of Independent Business (NFIB) here recently, President. Bush outlined a number of facts about small businesses: * Small businesses create seven out of 10 new jobs in America and account for more than half of the output...

VANCOUVER, British Columbia - A new NAFCU business lending alliance made its debut at its annual conference and exhibition last week. The NAFCU Services Corporation (NSC), the wholly owned subsidiary of NAFCU, has selected Bankers Systems, Inc. as its preferred partner for business lending and deposit services. NSC chose the...

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...