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Credit union membership, lending up in Q2

Abrigo

Last week the NCUA reported that the total number of credit union members had surpassed the 101 million mark, and overall lending was up as of the close of Q2. They reported a 4.56 Total lending at federally-insured credit unions reached $745.2 Year over year, this area of lending has grown 19.5 million people.

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Never A Dull Moment: The Wild Week With CurrentC, Uber And Lending Club

PYMNTS

CurrentC has announced its curtain call, Uber moved to sweeten the deal for its drivers and Lending Club proved the firm is far from out of surprises. That looked bad; what looked worse was when MCX had to report a minor hacking incident at the same time. Lending Club — Never A Dull Moment. What’s worth watching? Mooney was in.

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The Balancing Act Between PPP’s Letter And Spirit Of The ‘Law’

PYMNTS

And as CNBC reported over the weekend, more than 200 public companies applied for as much as $870 million from the program. On Monday (April 27), The New York Times reported that well-funded startups, some of them flush with recent investment rounds, had also applied and received federal loans under PPP. That funding went live today.

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Synovus Gets Boost from 10% Growth in Investment-Property Loans

American Banker

Synovus Financial in Columbus, Ga., reported higher second-quarter earnings on solid growth in revenue and loans for investment properties.

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Synovus Gets Boost from 10% Growth in Investment-Property Loans

American Banker

Synovus Financial in Columbus, Ga., reported higher second-quarter earnings on solid growth in revenue and loans for investment properties.

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Gonzo Notes from Money20/20

Gonzobanker

We are rotating the team, as Misters Kilmer and Weikart reported that rehab from BAI Retail Delivery is taking a bit longer than estimated.) Brian Mooney, CEO of Merchant Customer Exchange (MCX), also used his stage time to talk about the pilot under way in Columbus, Ohio, with many merchants. MCX gets credible volume and partnership.

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The Thinker

Independent Banker

Thoughtful lending and an open mind keep profits strong for incoming ICBA chairman Jack Hartings. in Coldwater, Ohio, and ICBA’s incoming chairman, held fast to his community bank’s conservative lending practices. To combat the decline in the bank’s loan-to-deposit ratio, Hartings actively sought out new opportunities in lending.

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