Lending

CUs Take MBL Message to Capitol Hill

March 18, 2010
Credit unions called upon legislators during visits to Capitol Hill to support legislation raising the member business lending (MBL) cap from 12.25% to 25% of assets—and found some allies during the process. The visits took place during the Credit Union National Association’s (CUNA) Governmental Affairs Conference. When a delegation of... READ MORE

Five Credit Card Predictions for 2010

March 17, 2010
The credit card industry went through a tremendous amount of change in 2009—and there’s more change to come, fueled by the national card issuers. Bill Hardekopf, CEO of LowCards.com , makes these predictions for the credit card industry in 2010: 1. More cards with annual fees About 20% of credit... READ MORE

Rates & Ratios: CU Loans Fall in February

March 04, 2010
Credit union loans outstanding decreased 0.6% during February 2010, down from a 0.5% increase during January 2010, according to the Credit Union National Association’s economics and statistics department . Adjustable-rate mortgages led loan growth during February, increasing 0.1%. On the decline were unsecured personal loans and credit card loans (2%),... READ MORE

Where Is the Puck Going?

March 03, 2010
Bill Vogeney: Streamline lending to top members and consider an "old school" approach to serving those with less than stellar credit. By Bill Vogeney Years ago, a reporter asked hockey great Wayne Gretzky why he was so successful. His reply: “I skate to where the puck is going, not where... READ MORE

CUs 'Critical' to Business Growth

February 23, 2010
U.S. Small Business Administrator Karen Mills on Tuesday told GAC attendees that credit unions are "critical" to growing businesses and creating new jobs, adding that her "impression" is "credit unions really know what is going on in their communities." Mills also commended credit unions for their shared goal of supporting... READ MORE

Good Chance to Lift MBL Cap

February 23, 2010
Businesses’ need for capital will drive removal of restrictions. It would be a big mistake to pass legislation establishing a separate consumer regulatory agency, Rep. Ed Royce (R-Calif.) said Tuesday. In fact, he believes doing so could create conditions for another economic regulatory disaster. “We go down a dangerous path... READ MORE

Hyland: Focus on the future

February 23, 2010
Hyland: Don't wait to seize the future. Entering the stage to the strains of R.E.M.’s “It’s the End of the World as We Know it,” NCUA Vice Chair Gigi Hyland told General Session attendees to seize the future—pronto. “It’s the end of the world as we know it and it’s... READ MORE

'Turn Up the Volume' on Business Loans

February 22, 2010
The planets are perfectly aligned to pass legislation raising credit unions’ member business lending cap from 12.25% to 25% of assets. The only thing standing in the way is banker greed. READ MORE

Mortgage Lending: 'Every Loan Has a Story Behind It'

February 12, 2010
One major challenge CUs will face in mortgage lending in 2010 will be in regulatory compliance. READ MORE

Three Mortgage Challenges CUs Will Face in 2010

February 12, 2010
By Scott Happ Credit union mortgage lenders will face special challenges during 2010—challenges that only technology can help them resolve. These challenges include: 1. Mortgage pricing complexity With today’s confusing loan-level variances, loan pricing is more complicated than ever. And with credit-score-based adjustments, it’s almost impossible to work from paper... READ MORE

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