The Aspen Institute and Institute Trustee Anne Welsh McNulty announced Oct. 28 that William Bynum and the $169 million Hope Credit Union are winners of the sixth annual John P. McNulty Prize.
WASHINGTONFreddie Mac CEO Donald Layton urged housing finance executives Oct. 28 to focus less on the fate of his company and Fannie Mae and more on the lending infrastructure the two have marshaled.
The increasing popularity of crowdfunding to raise capital for small businesses could actually complement credit union business lending, not compete with it, said one industry expert.
Industry experts say due diligence can help credit unions avoid losses like those suffered by the $620 million Alabama One Credit Union in Tuscaloosa, Ala., and the Small Business Administration, which were defrauded of more than $3 million by a businessman.
