Lending

PEMBROKE PINES, Fla. – Power Financial CU has introduced a low-rate private student loan product.

SUITLAND, Md. – Andrews FCU has launched a new youth program, "Kid$ Boot Camp," during National CU Youth Week.

WARREN, R.I. – -The state’s largest family owned shoe store was granted the guaranteed small business loan, which was provided by Coastway CU.

AUGUST, Me. – CUSO Mortgage Corp. and Primary Mortgage Corp. have agreed to combine to offer mortgage services to credit unions.

OVERLAND PARK, Kan. — More than half a dozen credit unions have come together to create a student lending CUSO designed specifically for ITT Technical Institute students.

McLEAN, Va. – Home loan rates tipped down again this week near all-time lows, according to Freddie Mac.

PITTSFIELD, Mass. – Greylock FCU has created a Youth Advisory Board of teenagers to help develop programs that will appeal to and help the teen market.

ALEXANDRIA, Va. – Pentagon FCU lowered its rates for new and used vehicle loans made over the Internet to 3.99%.

LODI, Calif. – Moklemune FCU said yesterday it has contracted with Gila Group to provide collection services on their delinquent accounts.

ALEXANDRIA, Va. – NCUA reported that seven low-income credit unions tapped into its 1% community development loan fund last month, the first loans from the fund this year.

LENEXA, Kan. – Seven credit unions have joined together to provide private loans to students at 106 IT Technical Institutes in 36 states.

WASHINGTON – Credit union lobbyists were working over the weekend to increase emergency funding for NCUA, just as the number of troubled credit unions is mushrooming, at the same time trying to separate the issue from the so-called cramdown bill which would allow troubled homeowners to ask the bankruptcy courts to restructure their mortgages.

ISHPEMING, Mich. — Aggressive interest rates and solid business connections enabled Ishpeming Community FCU to grow its loan portfolio by 15% last year and earn second place in the borrowing category on Callahan's Return of the Member rankings.

McLEAN, Va. – Long-term mortgage rates resumed their retreat again this week, after tipping up slightly last week, according to Freddie Mac.

SAN JOSE, Calif. – Meriwest CU has developed a special program aimed at helping troubled homeowners and other borrowers navigate their way financial restructuring.

CAMBRIDGE, Mass. – Harvard University Employees FCU announced a deal yesterday to provide loans to international graduate and professional students at Harvard University.

FORT LAUDERDALE, Fla. – CU Business Capital, LLC, a CUSO owned by 25 credit unions, committed $45 million yesterday to funding SBA-backed small business loans, part of an ultimate goal of as much as $100 million.

WEST ALLIS, Wis. – CU Fleet, an automotive leasing dealership co-owned by former Central States Mortgage Co. CEO Dick Jungen filed for Chapter 11 bankruptcy last week, owing almost $3 million to credit unions that were victimized by the closure of the mortgage loan CUSO.