Lending

Trade group will work with U.S. Small Business Administration to expand accessibility of SBA products to credit unions.

Department of Defense urged to exempt credit unions from July 2015 MLA amendments.

The company said it could use the proceeds to fund acquisitions and to make more loans.

Austin, Texas-based CU has seen growth in auto, mortgage and commercial lending.

Collaboration will help make up for cost concerns from adopting the technology and ensure that the core vendors get the message of community banks’ interest.

Collaboration will help make up for cost concerns from adopting the technology and ensure that the core vendors get the message of community banks’ interest.

Partners FCU’s ‘Decision Summary Dashboard’ was the winner in this year’s Analytics Best Practices Competition from OnApproarch

On March 31, 2017. Dollars in thousands

On March 31, 2017. Dollars in thousands

Credit unions are hiring and promoting new loan officers to ramp up a key area of their operations.

The regional bank reported an 8% gain in fee income and trimmed costs amid 1% loan growth.

The Japanese firm is expanding its U.S. investment banking unit to look more like its bigger Wall Street rivals.

On March 31, 2017. Dollars in thousands

On March 31, 2017. Dollars in thousands

New and used auto lending broke records, while HELOCs and second mortgages reached levels not seen since 2012.

Borrowers can benefit from more inclusive data and tightening of certain credit file standards, but so far lenders continue to rely on older models.

Amazon.com Inc.’s lending business is accelerating, highlighting one more way the online retailer is making money from e-commerce beyond simply selling products in its web store.

The expansion of the Federal Reserve’s portfolio of Treasury debt and mortgage-backed securities has a bigger impact on the credit markets than paying banks interest on excess reserves.

To capitalize on the current market environment, CUs need a solid auto-decisioning strategy in place to manage the increased volume of MBL applications while mitigating risk and delivering top-notch service to members.

The Federal Reserve is right to look at shrinking its bloated balance sheet. But if it doesn’t simultaneously stop paying banks to hoard money, the Fed will create the next recession.