Lending

Can the Small Business Administration's 504 loan program essentially "eliminate" the current 12.25% member business lending cap?

In a draft report scheduled to be discussed at Senate oversight hearing today, the Small Business Administration's Office of the Inspector General criticizes the agency for canceling more than 7,700 "approved" disaster assistance loans to those business owners impacted by 2005's deadly hurricanes.

Last year's American Credit Union Mortgage Association credit union booth at the National Association of Realtors convention will be jazzed up for the 2007 convention with the Cha-Ching! sound of free slot machines that won't pay in coins but in electronics and other prizes for real estate agents learning about...

Melrose Credit Union Director of Marketing Robert Nemeroff testified on behalf of the state league before the state Senate Democratic Conference hearing on subprime lending practices in New York.

Desert Schools Federal Credit Union is helping local neighbors avoid the pitfalls of Adjustable Rate Mortgages by hosting a community meeting.

Adopting a novel approach to payday lending, the $1.1 billion Arizona State Credit Union is partnering with a Tucson health care employer to help its workers "break the debt cycle" to payday shops.

The American Credit Union Mortgage Association will be presenting a credit union-related breakout session to some 30,000-expected attendees to the Annual Convention of the National Association of Realtors taking place here Nov. 13-16.

While the eventual legal outcome of lawsuits filed against credit unions by Lyndon Insurance, including The CU of Texas, may drag on, Credit Union Times has learned that Lyndon assured the NCUA back in late August 2005 that it was not aware of loan alterations changing coverage of Centrix loans.