Lending

Loan Quality: 10 Questions to Consider

June 01, 2008
Loan Quality: 10 Questions to Consider June 1, 2008 By Richard Sandenaw As credit unions emphasize loan growth, it's important not to sacrifice portfolio quality. Directors and staff should ensure lending policies and procedures provide: Adequate internal controls so employees follow underwriting guidelines as they work to increase loan volume;... READ MORE

Workout Strategies That Work

June 01, 2008
Workout Strategies That Work June 1, 2008 By Sharyn Alden Members behind on loan payments and facing mounting credit card debt have lives filled with stress, missed opportunities, and victimization. Credit unions are coming to the rescue with financial education and integrated financial options to help debt-burdened members improve their... READ MORE

CUs Seek LTR With Students

May 01, 2008
CUs Seek LTR With Students May 1, 2008 By Cathy Fleming Should credit unions offer private student loans—those made outside the federal student loan system? Some lenders say the loans are a necessity for students given shortcomings in federal student loan programs and an attractive addition to a credit union's... READ MORE

Data Storage Remedies May Be Coming

April 01, 2008
Data Storage Remedies May Be Coming April 1, 2008 By Vicky Franchino As the numerous data breach scandals of recent years prove, there's an epidemic of inappropriate data storage, and credit unions are paying the cost. Remedies and solutions could come from the major card companies and legislative changes: Payment... READ MORE

Bankruptcy Prevention by Committee

March 01, 2008
Bankruptcy Prevention by Committee March 1, 2008 For nearly 20 years, a group of Michigan credit unions has banded together to put on a free workshop each year to educate members about alternatives to bankruptcy, how to prevent mortgage foreclosure, and other matters, says Fran Gibelyou, branch manager for Family... READ MORE

Indirect Lending: Taking the Plunge

February 01, 2008
Indirect Lending: Taking the Plunge February 1, 2008 By Susi Bennett Credit unions typically have been associated more with direct automobile lending than with indirect lending. However, as nearly three-quarters of all automotive loans are indirect, credit unions risk not fully supporting their members if they don't participate in the... READ MORE

CU Lending in 2008: The Big Picture

January 01, 2008
CU Lending in 2008: The Big Picture January 1, 2008 By Jennifer Garrett Credit union lending looks generally weaker for 2008, says Mike Schenk, Credit Union National Association's (CUNA) vice president of economics and statistics. That's due to a weakening economy, including a weakening job market, increasing unemployment, and, consequently,... READ MORE

Zopa Launches U.S. Peer-to-Peer Lending Operation

January 01, 2008
Zopa Launches U.S. Peer-to-Peer Lending Operation January 1, 2008 Peer-to-peer (P2P) lending—which basically refers to people lending money to each other—is a way for people to share what for the past 50 years have been purely financial transactions, says Wade Lagrone, vice president of marketing at Zopa , an online... READ MORE

P2P Lending: Threat or Opportunity?

January 01, 2008
P2P Lending: Threat or Opportunity? January 1, 2008 By Beth Stetenfeld As social lending vendors emerge, CUs must learn how they work, why they're growing, and how to work with them. Yes, it's personal. In the 1946 movie, "It's a Wonderful Life," George Bailey emotionally describes loans made to community... READ MORE

Emergency Loans Rescue Members in Need

January 01, 2008
Emergency Loans Rescue Members in Need January 1, 2008 READ MORE

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