News

Vons Credit Union is looking to lead the green movement in El Monte, California by example.

Days after emergence from Chapter 11 bankruptcy, CIT Group Inc. said today it has taken the first step in its $500 million commitment to small businesses by waiving its $1,000 fee on SBA 7(a) loan applications.

Credit union credit card programs received a national push on Larry King Live on Dec. 10 when noted consumer advocate Suze Orman promoted the cards and the low interest rates at federally chartered credit unions.

From tax enticements to hire new employees to tax write-offs for investors, SBA Administrator Karen Mills said the agency's partnership with credit unions and other lenders will continue to help kick start the small business sector.

Several credit unions that pledged to finance more green projects will be on site for the Dec. 15 groundbreaking of an environment-friendly student housing complex at the University of Maryland.

CUNA Strategic Services has teamed up with the ICUL Service Corp to help the CUSOs credit union clients better market their pre-paid card programs.