Lending

A new survey of credit union CEOs by Catalyst Corporate Credit Union reveals positive expectations for loan demand over the remainder of 2016.

Sales of recreational vehicles (RVs) are going through the roof thanks to a confluence of factors, including an improving economy, low jobless rate and — perhaps most crucially — very low gas prices.

Baileyville, Maine-based Consolidated Solutions LLC, an indirect lending CUSO that serves a number of Maine credit unions, recently celebrated a milestone when it reached $1 billion in loans.

With immigration one of the hottest topics in this year’s presidential campaign, two Seattle CUs join the ranks of those offering loans for future Americans — and once CEO says Donald Trump’s divisive rhetoric may even help spur business.

Briarwood, N.Y.-based Melrose Credit Union and other NYC-area medallion lending CUs are dealing with the effects of a disrupted taxi industry.

Five different products designed to meet the needs of underbanked minority households, including microfinance, payday loan payoffs, loans for non-U.S. citizens and more.

Another data firm plans to seek regulatory certification as a credit bureau for payday lenders.

Lending VPs cite strong underwriting, high demand and low delinquencies as reasons for more CUs to consider student loan options for members.

Less than 12% of all credit unions currently offer student loan products, but analysts and institutions offering that service say now is the time to enter the market.

Awards recognize innovation in lending while maintain sound financial performance.