Lending

It's Friday night, do you know where your members are getting their car loans? Before the advent of 24/7 that was an easy question for credit unions to answer. But now that people squeeze more chores (including shopping for a car or even a mortgage loan) into their free weekend...

Meeting here on the very day the Fed lowered the fed funds rate to help stabilize the markets came a blue-sky call for credit unions to put themselves in consumers' minds as first choice home lenders. In the very storm of the subprime meltdown, increasing foreclosure rates and higher numbers...

Stephen Bentley, chief executive officer, chairman and founder of Aimbridge Lending Solutions, knows the stakes are very high for credit unions fearful of losing auto market share, so he's making an in-person tour to discuss growth opportunities available for credit unions.

After reviewing the recently released data under the Home Mortgage Disclosure Act, NAFCU concluded that credit unions' approve more mortgages to minority applicants than other lenders.

Providing loans for things like taxicab medallions, crops and agricultural equipment are the bread and butter for many credit unions, which may have a "built-in competitive advantage in making these types of loans and unlocking the wealth contained in certain assets," according to a new report.

Small businesses still feeling the impact of 2005's deadly hurricanes, will have another year to participate in the Small Business Administration's GO Loan Pilot program.

Two of Hawaii's credit unions have signed on with Member Business Lending, LLC through the CUSO's newly-opened regional office in Hawaii.

NASCUS planned to host a conference call to discuss implementation of the military lending rule with the Department of Defense.