Lending

The decisions by some of the major national and regional banks to keep subprime auto lending in check look wise after new delinquency data from the New York Fed, and may lend credence to the belief that credit unions can boost their auto lending business as the banks step back.

While one economist recently reminded credit unions that household incomes have finally returned to pre-recession levels, another has just released data that shows credit union business lending – a creator of U.S. jobs – is still down significantly from eight years ago.

Credit union auto lending affiliate and its partner institutions have surpassed Ally Bank as the nation’ No. 2 auto financing source.

Another leading company in the turbulent online lending sphere has replaced its chief executive officer.

Creating a more responsive, intuitive site that connected to Tech CU's rebranding efforts helped drive online lending volume.

You read that number right. Learn how the $418 million credit union crafted this successful auto loan campaign aimed at millennials.

President-elect Donald Trump said in a Tweet Tuesday that he is considering Dr. Ben Carson – one of his opponents in the Republican primary – to head the Department of Housing and Urban Development.

Five credit unions in three states have partnered with myCUmortgage to receive mortgage loans services.

The Federal Housing Administration's insurance fund saw its fourth consecutive annual boost in its ratio of reserves to insured mortgages, reaching 2.32% in fiscal year 2016, the Department of Housing and Urban Development said Tuesday.

The fourth quarter is generally a slow time of year for lending, but experts say there are plenty of strategies credit unions can use to boost loan volumes at year-end and into the new year.