Quantcast
Wednesday, June 3, 2015
Ventura County CU Earns SBA Preferred Lender Status
VENTURA, Calif. — Ventura County Credit Union announced that it has been named a "preferred lender" by the U.S. Small Business Administration (SBA).
  more »
LAS VEGAS — The oft-repeated complaint by credit unions that members brought in through indirect auto loans are difficult to make "real" members has been addressed by CU Direct's purchase of Intuvo, a marketing automation software company. more »
For several years, strong borrower demand and low delinquency rates have delivered welcome profits to credit unions and banks that target the farming industry. But commodity prices are falling — depressing farmers' incomes and forcing many financial institutions to increase their monitoring of credit trends. more »
The Department of Education issued a proposal Friday that would tighten restrictions on the types of arrangements that colleges can enter into with financial institutions to disburse federally guaranteed loans to students. more »
Just two days after Rick Menton became CEO of Cherokee Strip, all but one member of the loan department resigned. Yet just 18 months later, the $88 million CU boasts 100% loan growth, 10% membership growth and a positive ROA for the first time in five years at .88%. more »
WASHINGTON — The Consumer Financial Protection Bureau is taking a closer look at companies that service student loans to determine whether there are patterns of abuse and misinformation in the $1 trillion industry. more »
Online lending platform LendKey said MidCap Financial has committed to purchase up to $1 billion of student consolidation loans originated on the LendKey platform. more »
Contrary to the popular belief that recent college graduates are too mired in student loan debt to be interested in borrowing — and wouldn't be the best of risks for a lender to take on — two new surveys suggest grads not only have an appetite for loans but are also likely to manage their debts well, making them an appealing market for credit unions. more »
NOTRE DAME, Ind. — Notre Dame Federal Credit Union has partnered with five regional credit unions to provide Relevant Radio of Green Bay, Wis., a $5.25 million Term Loan Facility. more »
The Pentagon will move forward with new restrictions on high-cost loans to soldiers after a Republican-led effort to delay those rules failed early Thursday on Capitol Hill. more »
ONTARIO, Calif. — CU Direct said it has signed agreements with nine credit unions for them to implement the company's Lending 360 Loan Origination System (LOS). more »
Strategic Link, a wholly owned subsidiary of the Northwest Credit Union Association, has added Mirador Financial, a small business lending platform for financial institutions, to the list of service providers available to CUs. more »
MERIDEN, Conn.—Small credit unions in Connecticut are set to receive marketing assistance for the rest of 2015 thanks to a partnership between the Connecticut CU League and a marketing firm specializing in credit union promotions. more »
FICO recently unveiled a pilot program under which a dozen of the country's largest credit card issuers will use data from "alternative" sources to generate credit scores for an estimated 15 million Americans who are either unbanked or under-banked and, up until now, had no credit score. more »
Jun 08 - 10 | Digital Banking Summit

Hilton Austin
Austin, TX
More Info

Jun 10 - 12 | EMERGE Forum

Hilton Austin
Austin, TX
More Info

Money DOES Grow On Trees
Think money doesn't grow on trees? This spot from Palmetto FCU may make you change your mind.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.