Credit Unions Feel Stymied By Lending Limitations

After five years as a personal trainer, Nick Irons was ready in 2010 to open his own fitness studio in Bethesda. His search for financing took him from behemoth HSBC to community lender EagleBank. Problem was every bank he approached turned him down. ¶ Irons was bewildered. ¶ “My business was successful before I decided to open a studio, but most banks looked at it as if it were a brand new start-up, not an extension of an existing business,” he said.

Topics:  nick irons   bethesda   hsbc   eaglebank   read   i   irons   years   open   
  • Wells Fargo Joins TD Bank in Easing Mortgage Credit Standards
    U.S. banks are easing credit standards in search of a safe and profitable middle ground after an era of reckless home lending gave way to the stiffest rules in decades, putting a damper on the housing recovery. Wells Fargo & Co., the biggest U.S. home ...
    05/1/2014 - 4:31 am | View Link
  • Credit Unions Must Elevate Mobile Aptitude
    In the eyes of the customer, credit unions have always been perceived differently than large-scale banks. Despite offering all the services that customers have come to expect from their financial institutions, credit unions have been considered stymied by ...
    04/22/2014 - 4:26 am | View Link
  • Credit Unions Lend Small Businesses a Helping Hand
    Michlig says that from looking-at the 2013 third quarter statistics (latest available as of press-time) of NJCUL member credit unions, business lending in New Jersey is ... fewer fees and better rates. ... I do feel like we are ramping up for a good ...
    02/1/2014 - 5:00 am | View Link
  • Credit union regulator in Denver: Banks 'should be held accountable'
    The nation's regulator of credit unions is going after banks it claims misled the member-owned financial institutions — some of which failed — in the years leading up to the recession. "We feel that the ... Total lending by credit unions in Colorado ...
    07/31/2012 - 10:03 am | View Link
  • Credit Unions feel stymied by lending limitations
    (Jeffrey MacMillan/Capital Business) Mid-Atlantic has had to pull back on making loans because it is nearing a federally mandated cap on business lending. That cap is at the center of a contentious fight between the credit union and banking industries ...
    06/9/2012 - 9:00 pm | View Link
  • More
  • Credit Union National Association
    A confederation of state leagues, it became the premier national trade association serving United States credit unions. Describes regulations and compliance, products ...
    12/21/2014 - 4:56 pm | View Website
  • National Credit Union Administration (NCUA)
    The mission of the NCUA is to facilitate the availability of credit union services to all eligible consumers, especially those of modest means, through a safe and ...
    12/21/2014 - 1:43 pm | View Website
  • Home
    You may qualify for rates as low as 10.5% APR*. You can even transfer other high rate credit cards to your DATCU Platinum MasterCard® and save even more.
    12/21/2014 - 6:05 am | View Website
  • Feel good about your money. | Alabama Credit Union (ACU)
    Alabama Credit Union is a not-for-profit financial institution serving Alabama. Feel good about your money. We love to see you smile. We never settle for less.
    12/21/2014 - 4:32 am | View Website
  • Member Business Solutions, LLC
    Member Business Solutions (MBS) is a credit union service organization (CUSO) serving member business lending (MBL) needs.
    12/20/2014 - 8:25 pm | View Website
  • More
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News