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Mortgage applicants find cozy home at some credit unions

Abrigo

Utilizing the Bank Information platform, Sageworks recently released a ranking of the top mortgage lending credit unions in the U.S. by geographic region , identifying the top 10 credit unions by mortgage loan volume for the Northeast, South, Midwest and South. Bruemmer, executive vice president for Landmark Credit Union.

Regional 188
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Crowdfunding, Deferred Loan Payments Jumpstart SMB Relief

PYMNTS

Each week, PYMNTS will round up some of the latest initiatives from governments, banks and FinTechs around the world to lend support for small businesses struggling as a result of the coronavirus. to help bailing out their SMB customers, with some regional financial institutions (FIs) already taking action. Fed Calls On Small Banks.

Payments 173
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Square Capital Distributed 76K PPP Loans Totaling $820M

PYMNTS

While our lending business has served Main Street small businesses for years, we knew that as our sellers and their communities were facing deep economic uncertainty, we could play a meaningful role in disbursing stimulus funds,” said Jacqueline Reses , the head of Square Capital, in a statement. “I’m

Capital 141
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Could Loophole Help Explain Rise in Credit Unions' Business Lending?

American Banker

A study commissioned by the Massachusetts Bankers Association found a correlation between a spike in credit unions with low-income designations and an increase in member business lending in the state.

Lending 31
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Why this regional bank is dumping N.Y. multifamily loans

American Banker

People's United in Connecticut is letting the loans run off its books as it invests in higher-yielding commercial loans.

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The Case For Localizing Mom-And-Pop Investment

PYMNTS

“Being in Boston, Massachusetts, I’m much less likely to invest in a restaurant in Oklahoma if the same business was right next to me,” Mathews said. In this effort, the platform is turning to regional and national economic development organizations to promote education on both sides.

Capital 145
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Auto lending up more than 30 percent at credit unions since 2012

Abrigo

And just as in mortgage lending , credit unions are seeing a bigger piece of the consumer loan pie. credit union auto lending portfolios are faring. Across the country used vehicle loans nearly doubled their new counterparts by lending volume. Regionally, the rocket-like momentum remains clear.

Lending 150