Lending

Nearly a decade since the Federal Reserve last hiked the key short-term Fed Funds Rate, confusion reigns over what the central bank will do at its next policy meeting later this week, but credit unions have already taken steps to prepare for a rising-rate environment.

The push to raise the statutory limit on credit union member business lending got a boost Thursday when three U.S. Senators introduced a bill that would allow NCUA to raise a credit union’s MBL cap to 27.5% of assets, from the current limit of 12.25%, provided the CU met certain requirements.

Bethpage Federal Credit Union in New York has passed $1 billion in total balances of home equity lines of credit.

The credit union's regulator received nearly 3,100 comment letters tied to plans to loosen restrictions on business lending, and despite the proposal's popularity among credit unions, the majority of letters opposed the changes.

With the price of season tickets for college and professional sports soaring, credit unions might want to explore this lending opportunity.

Credit unions are writing loans for more than just homes and cars these days. Here are some examples of what some 'uncommon' needs include and how some CUs are trying to meet them.

The U.S. auto lending industry continues its multiyear boom. What follows is a look at numerous metrics that reflect the red-hot state of the market.

Some peer-to-peer, or alternative, lenders seeks to coexist with, rather than supplant, the traditional mortgage market.

Credit unions' aggregate loan growth was nearly double that the rate of banks and thrifts in Q2.

Credit unions have until Oct. 30 to comment on proposed changes to the application process for receiving Community Development Financial Institutions Fund grants.