Lending

For the fourth consecutive year, Columbia Credit Union has been voted the "Best Financial Institution" in Clark, County Wash. by readers of The Columbia newspaper.

ALEXANDRIA, Va. – CommonWealthOne FCU has introduced private student loans using the Fynanz platform.

GREENWOOD VILLAGE, Colo. – Bellco CU has rolled out private student loans offered through CU Student Choice.

WASHINGTON – Long-term mortgage rates fell again this week for the sixth week in a row to new depths, as economic data continued to lag.

ATLANTA – Associated CU said it has signed with CU Student Choice to offer the CUSO’s private student loans.

VIENNA, Va. -- Navy FCU, one of the biggest mortgage lenders in the Washington, D.C., market, announced this morning the introduction of new 3/5 and 5/5 conforming and jumbo ARMs for as low as 2.875% (2.943% APR).

MENOMONIE, Wis. – WESTconsin CU has signed with Prime Alliance to use its prime+ cloud-based mortgage technology, which consolidates different lending platforms to one system.

LOS ANGELES – Los Angeles FCU has signed with Fynanz, Inc., to implement the company’s cuStudentLoans private loan program.

MANHATTAN BEACH, Calif. – Kinecta FCU rolled out a new price adjustment for agency loans, which will apply to loan applications locked on or after June 4.

CHICAGO-Older buyers are expected to dominate the bulk of auto sales this year, but the preferences of younger consumers are changing the car-buying process in major ways.

CHICAGO-Loans for recreational vehicles have remained strong for at least one CU, which is offering advice on making loans for RVs and other non-auto vehicles.

MICHIGAN CITY, Ind. – First Trust CU and Uptown Limited Auto Sales are partnering for an annual five-day inventory sale through June 30.

RALEIGH, N.C. -- State Employees’ CU has agreed to purchase $25 million in federally insured student loans from the North Carolina State Education Assistance Authority’s Loan Rehabilitation Program.

CHICAGO — Jade Beckman of Mountain America Credit Union offered would-be lenders a set of rules to keep in mind when it comes to lending on RVs and other non-auto vehicles.

WASHINGTON – Mortgage rates dipped yet again to record depths this week on growing worries over Europe’s sovereign-debt crisis, according to Freddie Mac.

TALLAHASEE, Fla. – Flag CU has signed with CUSO@Work to implement its Collections By Objective to help manage consumer loan delinquencies for the $36 million credit union.

SAN JOSE, Calif. -- Technology CU is offering pre-approvals for home loans and a Quick Close Guarantee for those who qualify: If Tech CU doesn't close a buyer's purchase loan within 10 business days, the buyer will receive a $500 gift card.

Superior FCU automated its mortgage loan processing and now the $370-million CU claims 25% share of its local mortgage market.

While many credit unions offer loans on roof-top solar systems, $259-million Sooper CU says it is the first in the country to offer long-term loans to consumers and businesses to help them into community-owned "solar gardens."

WASHINGTON – Mortgage rates hovered near record lows this week, with the 30-year fixed rate average creeping slightly lower to yet another all-time record, according Freddie Mac.