Lending

Lending Solutions Inc., a provider of lending center services and consulting programs for financial institutions, announced that it has been named the largest call center provider in terms of market share within the credit union space, according to Callahan & Associates.

Seventy percent of all credit union Small Business Administration 7(a) loans were originated by clients of Member Business Lending, LLC as of Aug. 31, a 14.1% increase from the previous reporting period, the CUSO said this week.

The federal law, which will prevent members of the military from being charged more than 36% for most sorts of loans, goes into effect on Monday and has earned the praise of three long-term opponents of payday lending.

Credit unions and banks are being called on by the Small Business Administration to help provide capital to entrepreneurs in some of the country's most rural areas through a series of new programs.

Two long-time members recently sang the praises of Space Coast Credit Union's business lending program in an article that appears in a Florida newspaper.

Two long-time members recently sang the praises of Space Coast Credit Union's business lending program in an article that appears in a Florida newspaper.

Through its newly-opened regional office in Hawaii, Member Business Lending, LLC has signed on two of the island's credit unions.

General Motors's Chief Executive Officer Rick Wagoner and Chrysler's new chief Robert Nardelli have both expressed worries that troubles in the housing market are having a negative effect on sales of cars and trucks. Nardelli told Chrysler's board of directors to draft a plan of action to deal with it.