Lending

Lawmakers have just three weeks before their August recess to make a host of decisions on issues related to credit unions.

Credit unions can reduce concentration risk and free up funding for new loans though participations but many institutions are hesitant about the process.

It took the Brooklyn-based credit union 15 years to double its assets from $1 billion.

A California man says the company sent his medical information to a friend of his; the Big Four's monopoly may be coming to an end as Citi and others move in.

Membership continues to rise across the Wolverine State, though at a slower pace, but lending overall is on the decline.

Abercrombie & Fitch and Klarna are following a successful launch of short-term installment loans on apparel in Germany by adding more markets.

Installment lending, whether it’s online or at the physical point of sale, is a market sector that has been experiencing a global boom in consumer demand for the last several years. Is this a short-term trend or are there potentially deeper-rooted factors that could make installment lending, especially online, a major source of future loans?

Executives and directors from across the industry discussed their concerns for the industry and priorities for the next year during this year's NAFCU and CUNA annual conferences.

Credit unions reported gains in areas such as loan balances and membership but it was at a slower pace than a year earlier.

The Michigan-based CUSO has acquired a stake in NestReady, giving it exclusive industry rights on the mortgage technology firm's products.