Lending

Intuvo, a company that provides marketing automation software to the credit union industry, and a division of CU Direct, announced it has entered into new partnership agreements with three credit unions.

Extensia Financial, a member business lending CUSO based in Northridege, Calif., now counts California’s Firefighters First Credit Union among its minority owners, the firm announced Wednesday.

A joint venture formed by a regional credit union trade group and a loan servicer has a simple mission: to help small credit unions that lack expertise in SBA lending jump into the booming 7(a) market.

Though lending is still where much of a CU’s income comes from, and CUs have seen 18 straight quarters of loan growth, CUs are seeing weaker profits, according to SNL Financial.

The Federal Housing Administration's unexpected windfall is already generating industry talk about another premium cut by the agency — but FHA officials insist such discussion is premature.

While national mortgage fraud risk is on the decline, here's a look at six markets where loan defects are rising.

Peer-to-peer lending (P2P) is growing by such leaps and bounds that credit unions would be wise to develop strategies to either deal with this emergent force in financial services or form partnerships with these online lenders that have sprouted like mushrooms across the landscape.

Automobile lending reached its highest level ever at the end of the third quarter while showing few signs of credit weakness, the credit bureau Experian reported Wednesday.

WASHINGTON — Though the deadline for compliance is more than two years away, lenders are already warning that they do not have enough time to comply with a new rule that requires institutions to report additional data to regulators on home loans.

EL SEGUNDO, Calif. — Xceed Financial Credit Union is preparing to launch a new CUSO offering an array of interrelated products and services primarily aimed at bolstering loan growth.