News

Janet Walter, CU Members Mortgage vice president of public affairs, was pleased to note that even in down times for other lenders, credit unions are picking up steam in the mortgage area.

As part of its reform agenda to become easier for lenders to work with, the Small Business Administration has released its modernized Standard Operating Procedure for lender and development company loan programs.

Harland Clarke has earned the Verizon Business security management program Cybertrust certification, demonstrating Harland Clarke's commitment to security assurance practices, Verizon Business recently announced. This is the third consecutive year that the company has received the certification for its Dallas and San Antonio operations.

The Kansas legislature appeared headed last week toward passing compromise--and perhaps milestone--legislation putting new limits on field of membership and merger expansion by state-chartered Kansas CUs. The measure stops short of using the language in federal FOM statutes.

NCUA Executive Director J. Leonard Skiles has selected Office of Examination and Insurance Deputy Director Larry Fazio to be the deputy executive director of the NCUA.

TROY, Mich. -- In the midst of the state's tough economy, the growing entry of Michigan's credit unions into business lending was recently profiled.