Lending

Taking a cue from the American Bankers Association in attacking credit union loans in the Florida land scandal, the state's banker trade group lobbed a media broadside this month at the $143 million Superior Choice Credit Union for holding faulty participation loans with Norlarco Credit Union of Fort Collins, Colo.

The 7(a) and 504 loan programs set records with 110,275 loans approved totaling more than $20.6 billion as of Sept. 30, the end of the Small Business Administration's fiscal year.

The Wall Street Journal has been following the housing crisis and foreclosure blues fallout with an eye to its possible political ramifications, noting that six of the 10 states with the highest foreclosure rates in the country are considered by leaders of both parties to be swing states.

When the losses started to mount it was inevitable that the management and board of directors at Great American Credit Union here began to consider the merger option. "Our members have been looking for more services than we could deliver, more branches in the northern and southern part of the...

The dot.com bust and more recently, the fallout surrounding sour Florida real estate deals, are a few reminders of the importance of member business loan risk analysis, Margaret Ross, NCUA's new MBL program officer, recently said.

The Small Business Administration said today that it is ready to help California small businesses and residents impacted by the ongoing wildfires through low-interest disaster loans.

As the fires in Southern California rage on, Matadors Community Credit Union is doing its part to help out the victims.

As the fires in Southern California rage on, Matadors Community Credit Union is doing its part to help out the victims.