Lending

BROOMALL, Penn. – Franklin Mint FCU has completed an analysis of its mail marketing using Experian’s Auto In the Market Model.

WASHINGTON – Rates on 30-year fixed mortgages rose slightly this week, for the second week in a row, to an average of 4.23%, from 4.21% last week, just above the lowest level in decades.

ORLANDO, Fla. – International Shoppes LLC, owner of the Windmere shopping center across from the Universal Studios theme park, filed a Chapter 11 bankruptcy petition on Oct. 21, listing Telesis Community CU as the biggest creditor.

KALAMAZOO, Mich. – Consumers CU is now offering Federal Housing Administration mortgages to all qualified borrowers in West Michigan and surrounding areas.

VIENNA, Va. – Navy FCU has agreed to delete a total of $50 million of debt owed by 6,700 members in several states on repossessed autos under a federal class action suit alleging the credit union violated the Uniform Commercial Code in the sale of their vehicles.

LAS VEGAS-Consumers want an alternative to the big banks when it comes time to get a mortgage, but credit unions aren't providing it.

SUPERIOR, Wis. – Metro CU has signed with Consumer Loan Services LLC to offer members multiple mortgage programs for purchasing or refinancing their homes.

WASHINGTON – Long-term mortgage rates edged higher this week, after moving down to record lows the past four weeks.

LAS VEGAS – Three issues dominate the credit union lending space: a search for loan growth, portfolio problems and regulations.

CINCINNATI – Emery FCU will become the first lender to provide mortgages through a new online origination and pricing platform being launched by NeighborWorks America, a community development intermediary.

SAN JOSE, Calif.-San Jose Credit Union is helping members harness the power of the sun with special loan programs.

It seemed to be a perfect setting: a credit union offering an electric car loan in a city that has a well-earned reputation as one of the most progressive, liberal and eco-friendly in the world.

SECU has increased auto loan refinance activity by more than 45%, offering members a 1% rate reduction if they bring their loan in from the bank.

WASHINGTON – Mortgage rates fell for a third straight week to their lowest levels in recorded history, even as housing demand continues to slump.

ALEXANDRIA, Va. – NCUA ruled that credit union service organizations may act as loan brokers for the purchase of New York City tax medallions.

PHILADELPHIA – A group of as many as 10 credit unions is planning to revive a once-abandoned initiative to create a publicly traded mutual fund by pooling member business loans originated by credit unions.

MCCLEAN, Va.-If hybrid vehicle price performance is any indication, the value of electric cars could take big swings in the coming years.

EUCLID, Ohio-The 2011 vehicle model year will mark the first in which numerous electric vehicles will begin rolling off assembly lines in earnest, with more mainstream cars such as the Chevy Volt, Nissan Leaf, and Ford Focus EV hitting the market.

SANTA BARBARA, Calif.-Credit Unions making loans for the new electric vehicles that will soon be hitting the market should pay close attention to the cars' resale value.