CU Times compiles our exclusive data sets in combination with information received from NCUA and other federal agencies to give a clear view of lending trends involving credit unions (i.e. mortgage, auto loans, HELOCs, student loans).
NCUA examiners appear to be looking more closely than they have been in recent years at how well credit unions comply with federal fair lending regulations, according to attorneys who work with credit unions.
The Government Accountability Office has just released a report that takes a hard look at the Small Business Administration's 7(a) loan program's performance measures, any constraints and what types of small businesses are being approved for the loans.
In an effort to reassure its customers, Countrywide Financial Corp. ran ads in the <em>Los Angeles Times</em> yesterday saying that the business is safe and deposits are insured by the FDIC.
LAS VEGAS -- With the state leading the nation in foreclosures, Nevada Federal Credit Union, the state's largest, said Monday it considers itself fortunate to have steered its members away from subprime and despite the gloom is doing well in first-time home buyer mortgages.
Credit unions running on the Summit Information Systems core processing platform now can deploy a seamless interface with the CUDL indirect lending and point-of-sale system.
Credit unions running on the Summit Information Systems core processing platform now can deploy a seamless interface with the CUDL indirect lending and point-of-sale system.
MADISON, Wis. -- If the current trend of stronger deposit inflows and receding loan demand continues, credit unions may need to get more "aggressive" in investment management especially if lending spreads further erode.
MADISON, Wis. -- Credit unions that rode the indirect lending wave a few years ago are likely seeing membership growth shift from that phase to deposit relationships.
WASHINGTON, D.C. -- Countrywide Financial, the nation's largest mortgage lender and a major partner in the credit union mortgage arena, has tapped its $11.5 billion credit limit to ensure its funding liquidity. The $11.5 billion is provided by 40 of the world's largest banks. Housing starts have dropped back to...