While lenders said in Raddon survey loan officer relationships seal the deal, biz owners say speedy approval most important.
Big banks with great locations have failed and required bailouts, while credit unions run out of the backs of churches have been doing fine for decades.
Advocacy group says SBA loans to minorities, women shrink while big banks tighten up on community businesses.
The National Federation of Community Development Credit Unions has started to build a shared back-office platform for CDCUs.
U.S., Britain may file criminal charges this summer against Barclays employees that allegedly rigged Libor rates, according to the Wall Street Journal.
BALTIMORE — A $250,000 grant from Citibank will help build a shared platform for CDCUs to use to offer new products and services.
Complaint includes accusations that homeowners could lose homes because loan mods sat unprocessed on big bank desks.
Securityplus Federal Credit Union, Baltimore, announced the hiring of John Godwin as the new chief operating officer. Godwin joined Securityplus FCU after a 12 year career at MECU of Baltimore, where he served as vice president – business development/strategic alliances. During his tenure, MECU increased its number of select employee...
Criminals overseas have engineered yet another way to compromise financial institution’s credit and debit cards at the point of sale and ATMs, according to credit.com.
Checks to range from $300 to $125,000 as result of enforcement actions against 13 servicers, including the nation's largest banks.