Lending

Housing Slump Doesn't Slow Down CUs

April 26, 2010
CUs set records in 2009 for mortgage originations and sales in the secondary market. Focus •  U.S. home sales dropped in first-quarter 2010, while CU mortgage originations continued to grow. •  CUs that don’t prepare now to grab mortgage market share might be missing a rare opportunity.... READ MORE

Loan Loss Strategies

April 26, 2010
CUs expect charge-offs and delinquencies to stay elevated through 2010. Earlier this year, the Credit Union National Association’s economists predicted slow organic loan growth for credit unions in 2010, and much higher than normal loan delinquencies and losses. Geography and local business activity can affect these trends. But... READ MORE

Fed Releases New Gift Card Rules

April 19, 2010
New Federal Reserve rules provide new protections when consumers purchase or use gift cards. Following are some key changes that apply to gift cards sold on or after August 22, 2010. Covered by the new rules are: Store gift cards , which can be used only at a particular store... READ MORE

Repo remarketing: Use multiple channels

April 18, 2010
When liquidating repossessed vehicles, most credit unions want fast turnaround times and the highest sale price possible, according to respondents to CUNA's 2009 Vehicle Repossession Liquidation Survey. The need to deal with nonperforming loans—and to dispose of collateral—has expanded during the current recession. On the credit union balance sheet, the... READ MORE

Auto Lending Continues to Stabilize

April 16, 2010
The auto finance market showed signs of stabilization for the second-consecutive quarter, according to a “Market Insight Snapshot” by Experian , Costa Mesa, Calif. The total dollar volume of at-risk auto loans (outstanding balances on loans that are 30 and 60 days delinquent) dropped 10.1%, and 30- and 60-day loan... READ MORE

Expect 'Long, Slow Road' Before Peak Home Prices Return

April 08, 2010
Real estate markets that experienced the greatest price bubble—particularly California, Florida, Arizona, and Nevada—won’t see home prices return to peak levels until 2025 or later. READ MORE

Compliance Q&A: Ability to Pay

April 06, 2010
By Valerie Moss Q Prior to opening a new credit card account , we understand that our credit union now has to consider a member's "ability to pay" as if the line of credit was fully advanced. Say that under the terms of our credit card agreement, the member has... READ MORE

Slay the Credit Card Giants

March 30, 2010
Size will become a more pronounced advantage for credit card issuers as large issuers retain the competitive advantages of high-visibility branding, sophisticated automated underwriting, and efficient back-office operations. But a two-pronged strategy will allow credit unions to compete with large issuers, according to the Filene Research Institute’s “The Credit CARD... READ MORE

Coming Soon: CARD Act Fee, Rate Terms

March 30, 2010
The Federal Reserve Board has proposed regulations to implement two provisions of the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act. The comment period concludes April 14. The Fed should finalize these regs early this summer, with an effective date of Aug. 22, 2010, required by law. The first provision... READ MORE

The Face of the Newly Credit Impaired

March 30, 2010
Serving the newly credit impaired means having to discover each member’s story. READ MORE
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