Credit unions are increasing their mortgage lending, boosted by growing awareness and demand, increased lending staff, new regulations regarding counseling and highly competitive rates. A report issued by TransUnion indicated credit unions provided 11 percent of U.S. mortgage originations for ...

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Show them the muni. Credit unions are champing at the bit, seeking to win the right to accept municipal deposits at a time when many banks won’t take them. New York is one of a dozen states that ban credit unions from ...

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Officials from the Empire State Development Corporation are looking for small community banks and credit unions to help them loan out $50 million to minority and women-owned businesses and other small businesses.

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The New York State Assembly failed to pass a bill allowing credit unions to accept municipal accounts, meaning that the legislation will have to be re-introduced next session.

Tagged with: Credit unions New York State Assembly

New York State lawmakers are weighing a proposal that would allow municipal governments and special districts to do business with credit unions, a move that would end long-standing bank sovereignty and cost the state millions in tax payments.

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