Lending

Firing up a tired loan portfolio

January 26, 2010
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During 2008, New Orleans Firemen’s Federal Credit Union’s loan portfolio was mired in a slow decline. Loan application volume was healthy, but too many loans didn’t close due to inadequate employee follow-up, long decision times, and overly stringent lending guidelines. CU: New Orleans Firemen’s FCU Challenge: Declining loan portfolio Solution:...
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