Chartered for the Purpose of Making Member Business Loans "Credit News 24"

The National Credit Union Administration's Office of Consumer Financial Protection and Access is providing guidance to insured credit un...

Report: CU Business Loans Have Grown Rapidly in Post-Recession Period "Credit News 24"

The Federal Reserve reported that small loans to businesses have grown rapidly in the the post-recession period, according to a Report to th...

Bethpage FCU Provides $20 Million Loan for Staten Island Shopping Center "Credit News 24"

Bethpage Federal Credit Union provided $20 million refinancing loan to Staten Island Expressway Plaza shopping center. The loan is for seven...

Bill Would Exclude Business Loans to Vets from MBL Cap "Credit News 24"

Legislation (H.R. 3866) was introduced on September 28 to amend the Federal Credit Union Act by excluding extensions of credit made to veter...

Tech CU Funds $3 Million Commercial Real Estate Loan "Credit News 24"

Technology Credit Union (San Jose, CA) on September 5 announced that it was originating a $3 million commercial real estate loan. The loan w...

Fox Communities CU Receives Waivers for Financing Exposition Center "Credit News 24"

The Wisconsin Office of Credit Unions on August 17, 2018 granted a waiver to Fox Communities Credit Union (Appleton, WI) with regard to cons...

CU Business Lending Posted Robust Growth in the Second Quarter "Credit News 24"

The National Credit Union Administration (NCUA) is reporting strong business lending growth at federally insured credit unions during the se...

NCUA Calls on Congress to Give It Regulatory Flexibility "Credit News 24"

In testimony before the Senate Committee on Banking, Housing, and Urban Affairs on June 22, National Credit Union Administration (NCUA) Acti...

Firefighters First Switches to Federal Charter and Federal Insurance, Exempted from MBL Cap "Credit News 24"

The National Credit Union Administration (NCUA) has granted a federal charter and federal share insurance coverage to Firefighters First Fed...

Landmark CU Granted Exception to MBL Cap "Credit News 24"

The Wisconsin Office of Credit Unions approved a request from Landmark Credit Union (New Berlin, WI) for an exception to the aggregate membe...

Rhode Island Treasurer Announces Bank Local Program to Fund Small Business Loans "Credit News 24"

Rhode Island General Treasurer Seth Magaziner on February 16th announced "Bank Local", a community deposit program. "Bank Loc...

Wisconsin CU Supervisor Denies CU's Request for MBL Waiver and Exception to MBL Cap "Credit News 24"

The Wisconsin Division of Credit Unions has denied the application of Community First Credit Union (Appleton, WI) for an exception to the ag...

Anti-MBL Cap Evasion "Credit News 24"

The National Credit Union Administration (NCUA) does not count non-member business loans and non-member business participation interest agai...

Federal Court Dismisses MBL Lawsuit "Credit News 24"

The U.S. District Court of the Eastern District of Virginia dismissed the lawsuit filed against the National Credit Union Administration (NC...

Coalition of Conservative Groups Ask Incoming Administration to Preserve NCUA's Business Loan Rule "Credit News 24"

In a letter to President-Elect Donald Trump and Vice President-Elect Mike Pence, a coalition of conservative, libertarian, and free market g...

Rep. Royce Introduces the Credit Union Residential Loan Parity Act "Credit News 24"

Representative Ed Royce (R-CA) introduced on January 10 the Credit Union Residential Loan Parity Act (H.R. 389). According to the press rele...

Evangelical Christian CU Evicts Church over Almost $22 Million in Unpaid Debt "Credit News 24"

Evangelical Christian Credit Union (Brea, CA) evicted a Georgia megachurch from its 4,000 seat sanctuary before Christmas over nearly $22 mi...

Will Examiners Second Guess Unguaranteed Business Loans? "Credit News 24"

Will the National Credit Union Administration (NCUA) examiners second guess credit union business loans that don't have personal guarant...