Fannie Mae has a new mortgage offering called HomeReady Mortgage, designed for creditworthy, low- to moderate-income borrower. It allows expanded eligibility for financing homes in designated low-income, minority, and disaster impacted communities.
CU Direct announced last week fresh partnership agreements with 12 new credit unions. The Ontario, Calif.-based organization provides lending, automotive and strategic solutions to the credit union industry.
CO-OP Financial Services announced that it is a Visa "engaged issuer-processor," authorized to immediately service the enrollment of credit unions in Apple Pay, making it the only credit union service organization with this designation.
The U.S. Department of Labor’s proposed overtime rule would affect a substantial portion of credit union employees, particularly at smaller credit unions and those in rural or underserved areas, CUNA told the department Tuesday.