Lending

TUKWILA, Wash. – Prime Alliance Solutions, the mortgage CUSO created by BECU which provides services to 1,900 credit unions, has been acquired by Mortgage Cadence, LLC, a Denver provider of enterprise lending solutions, document services and compliance solutions.

At first glance, FlexWage Solutions is selling something that looks a lot like a payday loan.

An analysis released last week suggests an NCUA proposal may stymie the increasing popularity of loan participations among credit unions and may even increase risk.

A new underwriting system that gives a greater understanding of members' financial situations helped drive 14% loan growth during 2011 at West Community CU.

NORTH CHARLESTON, S.C. – Heritage Trust FCU has committed $100,000 to the Lowcountry Housing Trust to help provide affordable housing funds.

PHOENIX – Arizona FCU has signed with CU Members Mortgage to provide it with online loan origination services.

BELLEVUE, Wash. – Puget Sound Cooperative CU is partnering with Snohomish County on a new Energy Smart loan program that will provide low-interest loans for energy improvements for Snohomish County homeowners.

WASHINGTON -- Average rates on fixed mortgages rose this week, the first increase in seven weeks, even as the rates remain near historic lows, according to Freddie Mac.

RIVERDALE, Utah – Borrowers can win a new Jeep Wrangler, Disney Resort trips or a new iPad as part of America First CU’s “Endless Summer of Giveaways” sweepstakes aimed at boosting lending at the $5 billion credit union this summer.

Allied Solutions has introduced an interactive marketing program that's boosting CU auto loan portfolios and cross sales, and providing measurable results.

Columbia Credit Union has become the No. 1 lender in Clark County, Wash., in both mortgages and vehicle loans.

Looking for a reason to get into non-auto vehicle lending? How about a 56% increase in RV ownership over the last 10 years?

Retail lending grew by $700,000 at San Antonio CU during April and it is now working toward a goal of $1 million per month in funded retail loans.

Navy FCU, one of the biggest mortgage lenders in the Washington, D.C., market, last week introduced new 3/5 and 5/5 conforming and jumbo ARMs for as low as 2.875%.

Fort Worth Community CU's decision to take its indirect auto lending program in-house-and to hire a finance person away from a local dealer-has helped fuel 25% loan growth year over year.

CMG Mortgage Insurance Company has introduced its Foreclosure Prevention Advance (FPA) program, through which the company will contribute funds to help keep credit union members in their homes.

CU Realty Services is using the occasion of its 10th anniversary to launch a long-awaited expansion campaign to increase the number of credit unions it serves.

Small business lending is slowing at banks, but not at credit unions according to a report that supports the need for the member business lending bill.

FORT COLLINS, Colo. -- The company behind the Old Town North mixed-use project in downtown Fort Collins filed for Chapter 7 bankruptcy last week, listing Public Service CU as its biggest creditor, being owed $2.6 million.

SIOUX FALLS, S.D. – Car-buyers lined up last weekend for Sioux Empire FCU’s "Black Saturday” promotion that offered buyers pre-approved loans for as low as 0.99%.