Lending

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.

KALAMAZOO, Mich. – Consumers CU has rolled out a new mortgage refinancing program it says will help reduce monthly payments and increase cash flow for troubled homeowners.

WESTERLY, R.I. – Westerly Community CU was awarded a $100,000 grant from the Federal Home Loan bank of Boston to help secure home ownership for low- to moderate-income households.

ALEXANDRIA, Va. – NCUA on Monday announced it lowered the rates on its community development loans to just 0.4%, from an already-low 1%, to entice lending in its moribund Community Development Revolving Loan Fund.

The potential doubling of the subsidized Stafford loan rate isn't the big story Washington and numerous media outlets are making it out to be.

Automotive industry analysts say a softening in auto auction sales may not be a sign the used car price bubble is beginning to burst, but it's a strong indication that the steady rise in used vehicle values has stopped.

ALBANY, N.Y. – SEFCU has provided a $7.26 million loan package for the purchase and refurbishment of the Victorian-era Adelphi Hotel in the Saratoga Springs resort.

DALLAS – Credit Union Liquidity Services, the wholly owned CUSO for troubled Texans CU, has sold the note on the troubled Residence at Hotel Palomar, a half-filled a nine-story luxury high-rise condominium, to Westdale Capital.

SAN DIEGO -- A woman accused with her husband of causing an estimated $210,000 in damages to her French Valley home after it was foreclosed on by San Diego Metropolitan CU was found guilty Friday, while the jury is still out on charges against her husband.

Black Book has introduced a new risk score to help financial institutions better manage risk within the used car loan portfolio.