Lending

Despite strong increases in lending volume, credit unions are seeing weaker profits. Experts share reasons behind this trend — and what credit unions should do about it.

The new mortgage settlement requirements have failed to disrupt the market as expected, at least as far as real estate agents are concerned, thanks in large part to diligent preparation.

The House passed two controversial regulatory relief bills Wednesday evening ahead of the looming yearend budget fight.

Intuvo, a company that provides marketing automation software to the credit union industry, and a division of CU Direct, announced it has entered into new partnership agreements with three credit unions.

Extensia Financial, a member business lending CUSO based in Northridege, Calif., now counts California’s Firefighters First Credit Union among its minority owners, the firm announced Wednesday.

A joint venture formed by a regional credit union trade group and a loan servicer has a simple mission: to help small credit unions that lack expertise in SBA lending jump into the booming 7(a) market.

Though lending is still where much of a CU’s income comes from, and CUs have seen 18 straight quarters of loan growth, CUs are seeing weaker profits, according to SNL Financial.