Lending

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

Thriving Through the Regulatory Blizzard

February 08, 2010
Klewin : Focus on planning and creativity when shoveling through the regulatory blizzard. By William Klewin I’m a pretty good bellyacher. I can complain about the weather, about bureaucracy at the Department of Motor Vehicles, returning unwanted presents, or the Green Bay Packers losing in the first round of the... READ MORE

CUs Baffled by Biz Lending Snub

February 02, 2010
Mica: Credit unions can inject more than $10 billion into the economy and create $108,000, at no cost to taxpayers, if Congress adopted pending, bipartisan legislation. By Dan Mica Credit unions are outraged and baffled that the Administration, by not endorsing greater business lending capacity for credit unions in its... READ MORE

Instant Poll: Should CUs offer incentives for lending staff?

February 01, 2010
What do you think? Submit a comment. Incentives often are necessary Loan officers should be paid "well" for their responsibility to the credit union office and members. They have a large stone on the back, knowing their performance helps determine their credit union's worth. I feel you should be... READ MORE

Up in a Down Market

January 27, 2010
These five CUs found lending success as the economy came crashing down. The last time credit union lending was this slow, Franklin Delano Roosevelt held fireside chats and the Allies were turning the tide in Europe and the Pacific. Through November 2009, credit union loans outstanding increased an... READ MORE

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