Lending

The locals in Maui always say, "Here today, gone to Maui" and it's now true for CUDL's Market Research Analyst Joe James, who left to compete in the King's Trail Triathlon there on June 10 to raise money for the Leukemia & Lymphoma Society's Team in Training.

The House Committee on Small Business was scheduled to hold a hearing June 14 entitled "Strengthening SBA's Micro-lending Initiatives," to review the value of these initiatives to small businesses.

Since November 2004, commercial and industrial loan activity has steadily increased, but there appears to be no connection between small business owners use of loans and their inclination to use other related products and services.

The Small Business Administration is piloting a new loan program to assist veterans and members of the military with starting or expanding small businesses.

The agenda for the Business Lending and Other Business Services Conference is packed with timely topics and industry heavyweights.

Compared to the banking industry's commercial loan growth, credit unions' member business loan growth made bigger strides in 2006.

All of the traditional routes to bring business lending to members at Credit Union of New Jersey were considered, but ultimately, all agreed having a "local flavor" became the guidepost.

CU Direct Corporation, which administers the CUDL indirect auto lending program, announced that Joe Greenwald has been appointed its vice president of marketing and communications.