Lending

DEER PARK, Texas-Shell FCU is reporting that its year-long "Operation Erase My Debt" helped drive a 9.88% increase in net loans during 2010.

WASHINGTON – Long-term mortgage rates moved slightly higher this week, after falling for the previous three weeks, according to Freddie Mac.

CHANDLER, Ariz. – First CU launched a new promotion yesterday, “Working to Save You a Million,” aimed at finding its members new ways to save money.

DOWNEY, Calif. — Financial Partners CU made a strategic decision four years ago to write more mortgages, and in 2010 the payoff for the $724-million credit union was significant.

WASHINGTON – Long-term mortgage rates declined for a second week in a row, after rising four of the previous five weeks.

COLORADO SPRINGS, Colo.-One potential risk in 2011 has Ent FCU here paying particular attention to the price at the pump.

FORT WORTH, Texas-Boosting lending in 2011 may require more than just increasing advertising and checking credit scores.

LAS VEGAS-Through September 2010 credit unions had an all-time record 4.86% of total U.S. mortgage originations, which gives Bob Dorsa reason to be optimistic about 2011.

VIENNA, Va.-Here is how HarmonyLoan answers questions about its product.

FAIRFAX, Va.-Credit Union Mortgage Association (CUMA) has closed its first HarmonyLoan, a mortgage that allows consumers to reset their interest rate with the click of a mouse, foregoing additional closing costs and lengthy processing.

HAUPPAUGE, N.Y.-In upstate New York, CU auto leasing made a comeback in the fourth quarter, according to one vendor who predicts leasing will be stronger in 2011.

COLORADO SPRINGS, Colo.-Credit unions should prepare in 2011 for continued marketshare growth in mortgages, regardless of where rates go, according to one analyst.

PEORIA, Ill.-This year should offer opportunities for credit unions to make money in subprime auto lending, according to Keith Reynolds.

LOWELL, Mass. - Local credit unions and banks are leveraging federal stimulus money to create an $8 million fund to provide energy-efficient retrofitting to historic buildings in this historic mill town.

WASHINGTON – Mortgage rates declined this week, after rising in five of the final six weeks of 2010.

PEORIA, Ill. – CEFCU has signed with CU Campus Resources, a Madison, Wis., CUSO owned by University of Wisconsin CU, to offer private student loans.

WASHINGTON – Agricultural FCU is the first credit union to complete a CU Mortgage Association HarmonyLoan, which allows homeowners to adjust their interest rates with the market without the expense and trouble of a traditional refinance or new mortgage.

RESTON, Va. – Sallie Mae said yesterday it has completed the acquisition of $27 billion of federally guaranteed student loans and related assets from Citibank’s The Student Loan Corp.

LOWELL, Mass. – Local credit unions and banks are leveraging federal stimulus money to create an $8 million fund to provide energy-efficient retrofitting to historic buildings in this historic mill town.