Lending

Bethpage Federal Credit Union in New York has passed $1 billion in total balances of home equity lines of credit.

The credit union's regulator received nearly 3,100 comment letters tied to plans to loosen restrictions on business lending, and despite the proposal's popularity among credit unions, the majority of letters opposed the changes.

With the price of season tickets for college and professional sports soaring, credit unions might want to explore this lending opportunity.

Credit unions are writing loans for more than just homes and cars these days. Here are some examples of what some 'uncommon' needs include and how some CUs are trying to meet them.

The U.S. auto lending industry continues its multiyear boom. What follows is a look at numerous metrics that reflect the red-hot state of the market.

Some peer-to-peer, or alternative, lenders seeks to coexist with, rather than supplant, the traditional mortgage market.

Credit unions' aggregate loan growth was nearly double that the rate of banks and thrifts in Q2.

Credit unions have until Oct. 30 to comment on proposed changes to the application process for receiving Community Development Financial Institutions Fund grants.

MIDDLETOWN, Pa. — Sollievo Group LLC, through its partnership with private insurance broker Lockton, announced it is offering a new auto loan program called Partial Recourse Protection (PRP) exclusively to credit unions.

A new battle is brewing between Fannie Mae and Freddie Mac as the government-sponsored enterprises set out to boost their purchases of low down payment loans.

The GM Credit Union Member Discount program will sunset Oct. 1, according to CU Solutions Group.

The National Association of Federal Credit Unions is calling for stricter regulation of marketplace lending.

Loans to first-time homeowners and others with low credit scores are a big part of the Federal Housing Administration’s growth in purchase mortgages since the agency cut premiums.

ALEXANDRIA, Va. — NCUA will host an upcoming 90-minute webinar for credit unions that are considering participation lending.

Credit union loan balances grew at an 11% annualized pace in June, while loan delinquency rates fell, according to the latest Credit Union Trends Report from CUNA Mutual Group.

Financial technology provider Akcelerant, a wholly owned subsidiary of Temenos USA Inc., on Thursday said five credit unions recently signed for the company's Akcelerant Framework loan origination solution.

CUNA Mutual Group funded a study by the Filene Research Institute aimed at measuring the growth potential for credit unions in member business lending. The study comes as the federal regulator is considering easing restrictions on MBLs.

Fannie Mae and Freddie Mac have a regulatory mandate to shrink. But that's easier said than done, given the GSEs' outsized presence in the mortgage industry, as their latest quarterly results show.

As the Small Business Administration's flagship 7(a) loan program breaks records, its other loan program stagnates. Advocates for so-called 504 loans hope a drive to permit CRE refinancing will inject new life.

CU Direct, a provider of lending, automotive and strategic solutions to the credit union industry headquartered here, on Wednesday said it has entered into a new agreement with Credit Union Leasing of America (CULA).