Credit Union Lending Rises as Bank Lending Freezes

More people are turning to credit unions for their lending needs as banks reject mortgages and loans.

Major banks are experiencing a general lending freeze, virtually eliminating the possibility for a mortgage or auto loan. Thankfully, your local credit union may be able to fulfill your lending needs - and for a lot less!

Because credit unions are smaller institutions with fewer members, they are able to evaluate loans on a case-by-case basis and decide if a member is eligible for a loan.

If your home was recently foreclosed or you have less than perfect credit, a loan from a credit union, like Tropical Financial, is a great option. TFCU will work with you to get the perfect mortgage or auto loan.