Lending

Convert Your Indirect Members: 10 Lessons

June 01, 2007
Convert Your Indirect Members: 10 Lessons June 1, 2007 By Jim Jerving Converting the indirect member into an active member is considered by many lenders a fool errand doomed to failure. Although few financial institutions have succeeded in this mission, some are achieving a measure of achievement. According to "Converting... READ MORE

Indirect Lending: Issues to Address

May 01, 2007
Indirect Lending: Issues to Address May 1, 2007 By Neil Bartlett Done right, indirect lending can boost loan volume, add members, and provide convenient, point-of-sale service. Done wrong, it can raise delinquencies and sour the member experience. Consider these issues before launching an indirect lending program: Dealer relationships Credit unions'... READ MORE

Be a Greater Lessor: Advice From CUs' Best

May 01, 2007
Be a Greater Lessor: Advice From CUs' Best May 1, 2007 By Cathy Fleming Auto leasing remains a dark art to many credit union executives--a risky service that's particularly sensitive to economic cycles and often requires close alliances with those who push the product being financed. Nevertheless, some credit unions... READ MORE

ID Theft Protection and Resolution

April 01, 2007
ID Theft Protection and Resolution April 1, 2007 One solution is to assign a specially trained coordinator to each ID theft victim to help resolve the problem. Worldwide Assistance's ID Theft Resolution service takes this approach, freeing victims to focus on normal daily life instead of on anxiety and ID... READ MORE

Bankruptcy Recovery

April 01, 2007
Bankruptcy Recovery April 1, 2007 By Judy Dahl The healing has begun. U.S. bankruptcy filings have dropped substantially since the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 went into effect Oct. 17, 2005. It's too early to predict the law's long-term effects on credit unions, but educating members... READ MORE

Audio: Dueling Economists Debate Length of Housing Recession

March 01, 2007
Audio: Dueling Economists Debate Length of Housing Recession March 1, 2007 Will the nation's housing recession be mild or severe? Listen to what Credit Union National Association economists Steve Rick and Mike Schenk have to say on the topic. Steve Rick: Why the housing recession will be severe Housing starts... READ MORE

A Look Ahead: The 2007 Lendscape

March 01, 2007
A Look Ahead: The 2007 Lendscape March 1, 2007 By Frank Gazeley If the merger and acquisition activity, conversions, and "best-of-breed" solutions that benchmarked 2006 taught the credit union movement anything, it would be that collaboration is an integral key to success. Credit unions need to deepen relationships with their... READ MORE

Payday Lending Alternatives

March 01, 2007
Payday Lending Alternatives March 1, 2007 By Darla Dernovsek Credit unions considering payday lending alternatives may cast themselves as white knights, riding to the rescue of borrowers entwined in endless rollover debt. Upon launching these services, they quickly learn saving members requires confronting a thorny situation. The first "thorn" is... READ MORE

What Does 2007 Hold for Mortgage Lending?

February 01, 2007
What Does 2007 Hold for Mortgage Lending? February 1, 2007 By Lee Howlett Lenders who want to finish 2007 with a smile on their faces need to spend the next 12 months listening and reacting to the marketplace. Already fickle consumers will be more demanding and less loyal if you... READ MORE

Manage Risk in Your Credit Portfolio

February 01, 2007
Manage Risk in Your Credit Portfolio February 1, 2007 By Kevin Seim Over the past three years, credit issuers have aggressively acquired new consumer accounts to gain critical mass within their portfolios. With consumer-friendly affinity offers, innovative credit terms, and attractive teaser rates, credit marketers have spared no expense in... READ MORE

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