Lending

CUs in both states surpassed total asset milestones, but many business lines are growing at a slower pace than they were one year ago.

CUs in the Keystone State saw loan balances rise by 8.5%, while membership rose more than 3.3% to top 4.2 million.

The Honolulu-based institution has doubled its loan portfolio over the past five years as its commercial lending has increased.

U.K.-based small business lender Capital on Tap has partnered with small business software provider Receipt Bank to launch a new credit card with access to credit lines.

Lawmakers have just three weeks before their August recess to make a host of decisions on issues related to credit unions.

Credit unions can reduce concentration risk and free up funding for new loans though participations but many institutions are hesitant about the process.

It took the Brooklyn-based credit union 15 years to double its assets from $1 billion.

A California man says the company sent his medical information to a friend of his; the Big Four's monopoly may be coming to an end as Citi and others move in.

Membership continues to rise across the Wolverine State, though at a slower pace, but lending overall is on the decline.

Abercrombie & Fitch and Klarna are following a successful launch of short-term installment loans on apparel in Germany by adding more markets.