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Sunday, August 31, 2014
CU Strikes Unique Partnership To Boost Commercial Lending
KENSINGTON, Md. — Lafayette Federal Credit Union has entered into a unique partnership with Hitachi Government Finance to drive the CU's commercial lending.
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NEW YORK — Since his initial look at the risk-based capital proposal at the start of the year, Montauk Credit Union chief executive Louis Jimenez is breathing easier — but only a little. more »
SAINT JOSEPH, Mich. — Four years after launching its business lending program here, United Federal Credit Union has realized an asset under management per underwriter increase of more than 100%. more »
CARSON CITY, Nev. — After having its member business lending program sidelined by regulators in 2010, Greater Nevada CU is making a comeback, having increased its business lending portfolio by 115% over the past 18 months. more »
TALLAHASSEE, Fla. — As the NCUA mulls member business lending risk weights for its final risk-based capital rule, the head of one credit union service organization contends that the agency needs to consider weighting more by product type than percentage of the portfolio. more »
TAMPA, Fla. — GTE Financial has a new mobile application that lets members save cash, and with a few taps on their smart phones, apply that money to their credit union mortgage or auto loan. more »
Credit unions distributed fewer small-business loans last month than a year earlier, but they still approve credit at a much higher rate than big banks, a study by Biz2Credit found. more »
Banks want to offer short-term consumer loans but regulatory constraints make it difficult. Credit unions are piling into this line of business. It all translates into a rare opportunity for traditional nemeses to cooperate. more »
Mortgage applications rose last week led by an uptick in purchases even as 30-year interest rates climbed. more »
MANHATTAN BEACH, Calif. — Kinecta FCU has launched two small-dollar loans that test alternative underwriting guidelines to serve the underbanked. more »
MADISON, Wis. — Credit union lending continues to improve, with loan portfolios rising by 1.2% in May, the biggest monthly increase in nine years, according to CUNA's monthly sample of CUs. more »
Has the U.S. auto lending market become overheated? The answer depends on which parts you inspect after popping the hood. more »
Some CUs are seeing significant improvement in loan performance among their subprime auto loans by installing starter interrupters that prevent the vehicle from starting if the loan is delinquent. more »
LAS VEGAS — Credit Union Journal asked CU lending executives to talk about the "new normal" in auto lending, offering insight into the differences to be found in the market today compared to just a few years ago. more »
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