Michigan credit union helps members borrow from friends and family
American Banker Magazine » Credit Union
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5d ago
Michigan State University Federal Credit Union is working with the relationship-based lending app Zirtue to offer members a tool for outlining lending agreements and repayment plans ..read more
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GOP lawmakers demand SBA revoke Funding Circle's 7(a) license
American Banker Magazine » Credit Union
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5d ago
Republicans on the House and Senate Small Business committees are accusing the SBA of being irresponsible in granting Funding Circle permission to participate in its flagship loan-guarantee program ..read more
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Houston-area credit union buying bank to expand in energy lending
American Banker Magazine » Credit Union
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5d ago
Texas Dow Employees Credit Union has agreed to acquire Sabine State Bank and Trust in Louisiana to raise its profile in the oil-and-gas industry. The deal coincides with record levels of U.S. drilling this year ..read more
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Relationship finance app Tandem debuts new goals feature
American Banker Magazine » Credit Union
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3w ago
The Ann Arbor, Michigan-based fintech is working with two Michigan credit unions to pilot a service that allows consumers to jointly save for purchases ..read more
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Digital Federal Credit Union debuts self-service mortgage portal
American Banker Magazine » Credit Union
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3w ago
The $12.1 billion-asset DCU launched the loan platform in 2022, and has seen volume jump by close to $600 million from when talks began in 2019 to last year ..read more
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How a Tennessee credit union uses generative AI to foster fair lending
American Banker Magazine » Credit Union
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3w ago
Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions ..read more
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Municipal Credit Union brings wealth management to members
American Banker Magazine » Credit Union
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1M ago
The $4.2 billion-asset MCU in New York is working with Ameriprise Financial Institutions Group to connect members with the firm's network of digital advisors and offer investment planning options alongside its traditional products ..read more
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Navy Federal contract with Department of Defense is live
American Banker Magazine » Credit Union
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1M ago
The $171 billion-asset Navy Federal Credit Union began operating roughly 60 locations and more than 270 ATMs as part of the Overseas Military Banking Program this month. The contract was awarded in September of last year, but faced federal deposit insurance challenges and industry pushback from credit unions and banks alike ..read more
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Lenders score win as IRS sidelines plan to restrict tax data
American Banker Magazine » Credit Union
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1M ago
The agency had intended to block access to tax data by most lenders on June 30 as part of a policy change that sought to protect taxpayer privacy. But drew broad opposition from the financial services industry ..read more
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The tech partnership helping credit unions finance Teslas
American Banker Magazine » Credit Union
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2M ago
Through its integration with the auto manufacturer, Origence and its indirect lending subsidiary FI Connect aim to match buyers in need of auto loans to eligible credit unions ..read more
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