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Vons Credit Union Goes Green

Peter Westerman | December 13, 2009

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

CIT Commits to $500 Million to Small Biz

Peter Westerman | December 13, 2009

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.

CU Card Programs Make Larry King Program

Peter Westerman | December 13, 2009

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.

SBA Mills Promotes More Small Biz Incentives

Peter Westerman | December 13, 2009

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.

University Complex Among First of CU Green Projects

Peter Westerman | December 13, 2009

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 Helping to Promote CU Pre-paid Cards

Peter Westerman | December 13, 2009

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.

Center for Responsible Lending Decries New Card Practices

Peter Westerman | December 13, 2009

The Center for Responsible Lending, a subsidiary of the Self Help Credit Union, has released a report condemning practices that some of the largest card issuers have adopted, the Center alleged, to avoid the practices banned by new card regulation.

Missouri Merger Complete But Look Out on the Conversion

Peter Westerman | December 13, 2009

The merger completed this month of a $47 million Eureka, Mo. credit union into the $628 million Vantage CU of St. Louis has worked out dandy for the financials, but it's another story when it comes to the computer conversion.

CUNA: CUs Ask Obama 'What About Us?'

Peter Westerman | December 13, 2009

As President Obama met with bankers today to discuss how they can help small business recover, CUNA President/CEO Dan Mica continued to reiterate that credit unions are doing their part and could be doing much more.

Whole Loans Might Be Subject to GAAP

Peter Westerman | December 13, 2009

New accounting standards proposed by the Financial Accounting Standards Board include a requirement to value whole loans using fair value requirements, like those currently used by corporates to value distressed mortgage-backed securities.

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Vons Credit Union Goes Green

CIT Commits to $500 Million to Small Biz

CU Card Programs Make Larry King Program

SBA Mills Promotes More Small Biz Incentives

University Complex Among First of CU Green Projects

CUNA Helping to Promote CU Pre-paid Cards

Center for Responsible Lending Decries New Card Practices

Missouri Merger Complete But Look Out on the Conversion

CUNA: CUs Ask Obama 'What About Us?'

Whole Loans Might Be Subject to GAAP

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