Lending

Which Way Now?

February 18, 2009
Steve Rick Common sense and vision chart a course for success in 2009 and beyond. Is there a silver lining for credit unions in the economic gloom and doom of the day? Yes, for those that navigate carefully, according to Credit Union National Association (CUNA) economists, who examined the state... READ MORE

The Paperless Mortgage

January 23, 2009
Judy Dahl Eliminating paper saves time and money, helps the planet, and provides faster, better service to members. A thick sheaf of paper typically heralds each closed mortgage. It’s solid and real—but expensive, time-consuming, and environmentally harmful. That’s why mortgages at $4.8 billion asset BECU, Tukwila, Wash., now are paperless from... READ MORE

Real Estate Rx

January 23, 2009
Steve Rick Excess inventory will dampen home prices throughout 2009. Many people are asking what the economy will look like in the coming months. Because the major cause of the current recession was the housing bubble bursting, any economic recovery will depend on revitalizing the housing market. Let’s look at... READ MORE

A Blizzard of Regulatory Change

January 23, 2009
Bill Klewin Lending regulation is reaching a frenzied pace. As I look out my window, I brace for the snow, slippery conditions, and bad drivers I’ll face on my commute. That’s a great analogy for what credit unions face on the regulatory compliance front, especially for lending-related regulations. For years,... READ MORE

Hearth-Warming Loans Fuel Relationships

January 23, 2009
‘CU family can be found even in the most exotic places.’ Who: Cathy Bond What: President/CEO Where: Winslow (Maine) Community FCU Why we offer energy assistance loans: Maine winters can be financially difficult. When the cost of heating oil escalated midsummer 2008, we introduced the Energy Saver Loan to help... READ MORE

Smart Deals & Fair Dealing

January 21, 2009
Smart Deals & Fair Dealing Jennifer Garrett Caprock FCU turns employees into member advocates in the auto-buying process and sees a 138% increase in volume over three years. Most credit union employees and executives will tell you there’s more to a successful auto-lending program than volume. Dale Hansard, president/CEO of... READ MORE

CUs Survive Mortgage Mugging

December 23, 2008
Patrick Totty  Instead of taking blows, vendors say CUs’ mortgage outlook is rosy in certain areas. You might compare what’s happened to the mortgage market recently to being mugged. First, there’s a flurry of blows, followed by sitting down, taking stock: Should I get up or catch my breath? For... READ MORE

Pillars of the Community

December 23, 2008
Judy Dahl Award-winning community CUs serve all members, not just some. The key to community credit union success is “staying focused on why we’re here—to serve members. We have to be a sustaining resource to [members],” says Rick Hein, CEO of $540 million asset OSU Federal Credit Union, Corvallis, Ore.... READ MORE

Lending 2009: Find the Silver Lining

December 23, 2008
Lloyd Gill Be there for newly credit-impaired members. Sam, a member, called recently, very troubled. He was returning our call about his past-due loan. Never delinquent before, he faced a new experience. Many members, like Sam, for the first time are having trouble paying their loans. Previously having had excellent... READ MORE

Leading Edge Lenders

December 22, 2008
Karen Bankston CUNA Lending Council award winners turn economic drop into market share gains. The dramatic economic downturn of 2008 caught many by surprise, but  executives of credit unions honored with the 2008 Excellence in Lending Awards detected the first tremors in 2007 and earlier. They adjusted their lending processes... READ MORE
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