Four credit unions were recognized on Monday for excellence in lending by the CUNA Lending Council.
The awards, co-sponsored by CUNA Mutual Group, were presented at the council's 20th annual lending conference in San Diego.
The $230 million-asset Carter FCU in Shreveport, La., received an award for its consumer lending program. Carter recently launched a salary advance loan program as a cheaper, more consumer-friendly alternative to payday lending.
Clearview FCU in Moon Township, Pa., also received a consumer lending award. Clearview, which has $900 million in assets, recently decreased its home equity turnaround time from four weeks to 10 days.
Additionally, CUNA recognized Numerica CU in Spokane Valley, Wash., for excellence in business lending. The $1.3 billion-asset CU expanded its business lending portfolio by 123% in four years.
The $95 million-asset Highmark FCU in Rapid City, S.D., also received a business lending award. The Rapid City, S.D.-based CU has expanded its lending portfolio by investing in technology and making "house calls" to small businesses and ag producers.