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DENVER - CU Direct Connect (also known as CUILA) has reached a milestone: the credit unions in the indirect lending program exceeded the $1 billion mark in loan volume on Oct. 29. What makes this achievement all the more special for the CUSO, said CUILA President/CEO Steve Anderson, is that...

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WASHINGTON - The U.S. Small Business Administration is implementing a risk-based approach to overseeing lenders that includes an early warning predictive score component and a more comprehensive lender review process. SBA Administrator Hector Barreto said the risk-based approach will put the agency in a better position to identify and manage...

HOLLYWOOD, Calif. - Marc Jacoby compares his credit union to one of those little "hidden jewels" of a restaurant that people often unexpectedly stumble upon. "We're like the restaurant where you come in through the kitchen. You don't know we're here, but once you find us, you tell everybody you...

OAK BROOK TERRACE, Ill. - While his firm refuses to come out against credit unions selling their credit card portfolios, Robert Lawhead, CEO of Raddon Financial Group, maintains that too few credit unions have a real grip on what their card portfolios are really worth. "We have credit union CEOs...

WASHINGTON - Defense Credit Union Council's Stacey Carter thinks her retirement has come a few years later than she planned, but for those in the credit union movement-particularly defense credit unions-who have become accustomed to hearing the familiar voice on the phone or talking with the DCUC's director of administration...

DFCU Financial, Dearborn, Mich., has presented three high school graduates Founders' Scholarships. The recipients were selected based on outstanding academic achievement and service to the community. This year's winners include Karen Kudelko, $2,000 for up to four years; Justin Craig, $2,000; and Shira Stoorman, $2,000. Since introducing the Founders' Scholarship...

VANCOUVER, Wash. - Members of Columbia Credit Union will now have access to trust services through Allen Trust Company, the only local independent trust firm here with a national charter operating in Washington and Oregon. The credit union recently hired Richard Van Hoose as vice president of trust services. Hoose,...