Oct 12, 2018 | Credit Union Industry News
Consistently producing quality new loans in lending requires avoiding the approval of risky loans that ultimately result in write-offs. However, simply turning away the obviously bad business is not enough. Consistently attracting and retaining creditworthy borrowers...
Oct 12, 2018 | Credit Union Industry News
MARKETING TO MILLENNIALS (AND FOR THAT MATTER – MARKETING IN GENERAL) IS A CHALLENGE FOR ANY ORGANIZATION TODAY, AND CREDIT UNIONS ARE NO EXCEPTION However, credit unions continue to hold an advantage over big banks in the financial marketplace, in that many...
Oct 12, 2018 | Credit Union Industry News
The automotive sales segment has been strong in this country for years, fueled as much by low gas prices as consistent ongoing consumer demand. Credit unions have reaped their share of the bounty, ending the third quarter of 2017 with auto loan growth totaling more...
Oct 12, 2018 | Credit Union Industry News
Imagine that you have two credit union members applying for an auto loan with your credit union. Both members have identical credit scores, and both are purchasing the exact make and model new car. Do you underwrite and price the applications for both members, exactly...
Oct 11, 2018 | Credit Union Industry News
Technology has impacted nearly every aspect of the developed world. In fact, FinTech (technology related to finance) has allowed several processes that were formerly handled manually to be executed by artificial intelligence (AI). Here are some of the most interesting...
Oct 11, 2018 | Credit Union Industry News
If you are reading this you know that one of the major advantages of a credit union is its cooperative nature and roots. Credit union members enjoy more personalized interactions with tellers, lending officers, and other individuals working for the institution, and...
