News

Totally maxed out, Paragon Federal Credit Union's member business lending program is feeling the pains of the federal regulatory cap on such loans.

CUNA Mutual Group, the insurer of the vast majority of CU plastic card programs and the target of some criticism for often raising the premium and deductible on that insurance, is emphasizing the message that such programs are worth having despite the costs.

CUNA Mutual Group, the insurer of the vast majority of CU plastic card programs and the target of some criticism for often raising the premium and deductible on that insurance, is emphasizing the message that such programs are worth having despite the costs.

In a move to expand its reach with independent auto dealers, CU Direct Corp. said it has reached an agreement with Manheim Automotive Financial Services to offer its inventory financing/funding package to client CUs.

Mazuma Credit Union is among the latest in the industry to become a Small Business Administration 7(a) Express lender.

The $419 million Florida Telco Credit Union, Jacksonville, Fla., has selected PSCU Financial Services for credit card processing.

To offer another space for credit unions that may need it after a natural disaster or a stop in business operations, Ongoing Operations, LLC has opened a new 6,000-square foot facility here.

The IRS has determined that credit card interchange fees are "substantially related" to the business of a credit union and therefore not subject to unrelated business income tax.