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Credit Union Journal

Saturday, February 4, 2012, as of 03:55 AM EDT

Lending

CU Direct CUDLs With Open Dealer Exchange

Feb 03

ONTARIO, Calif. – CU Direct Lending said it has signed with Open Dealer Exchange to offer direct credit application and contract validation data integration from the dealers’ point-of-sale system directly to the CUDL system.

CU Offers To 'Bail Out' Its Members With Special Auto Loan Program

Jan 30

DETROIT-Saying it's time to give members a bailout, one credit union is offering to cut members' auto loan rates in half.

Alaska’s Credit Union 1 To Finance Car Loans For Native Tribes

Jan 30

ANCHORAGE, Alaska – Credit Union 1 is partnering with ASEDA Fleet to provide auto loans for Native Alaska Tribes.

New Hampshire Governor Vetoes Bill Lifting New Interest Rate Cap

Jan 30

CONCORD, N.H. – Gov. John Lynch on Friday vetoed a bill that would have allowed payday loan lenders to skirt New Hampshire’s new 36% interest rate ceiling and charge more than 400% APR.

Consumers CU Launches Loan Consolidation With Home Equity Product

Jan 26

KALAMAZOO, Mich. – Consumers CU said its new Silver Lining Lending offers members an opportunity to consolidate loans with a competitively priced home equity product specifically designed for those approaching retirement.

Mazuma CU In $3.3 Million MBL To Small Engine Manufacturer

Jan 26

KANSAS CITY, Mo. – Mazuma CU said it will provide $3.3 million as part of a $7.7 million financing package to American Performance Technologies, a manufacturer of small engines for motor, power sports and lawn equipment.

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