Lending

A Four-Legged Approach to Growth

July 20, 2009
Build branches and products to compete during changing economic conditions. Jennifer Lehn Anniversaries are times of reflection. I recently celebrated my 20th anniversary with Numerica Credit Union, and I’ve reflected on how strategic decisions during my tenure have, for the most part, put us (and most credit unions) in a... READ MORE

Regulatory Onslaught Just Won't Let Up

July 20, 2009
Relentless torrent of new regulations creates concern and confusion. Bill Klewin The surge in regulatory compliance issues continues, especially in the lending area. Given what the nation is going through, triggered by shoddy lending practices, the greater regulatory regimen is appropriate. Regulators and legislators in Washington, D.C., however, are tripping... READ MORE

Business Lending Cap Becomes Barrier to Growth

July 20, 2009
ALM, business cycles, and the 12.25% cap affect business loan programs. Jim Jerving The recession’s effects on the banking system are well-chronicled—a stranglehold on the credit supply and dangerously low capital levels for some of the nation’s largest banks. The trickle-down effect has frozen credit at smaller, local banks that... READ MORE

Absolutely Business

July 20, 2009
Small-business owner Ryan Conklin conducts a service check-up for a Minot, N.D., customer. Conklin worked with Town & Country CU in Minot to obtain a business start-up loan for his new company, Absolute Comfort Inc., which serves commercial and residential customers’ heating and air conditioning needs. The Great Recession has... READ MORE

Business Lending Boosts Member Relationships

July 20, 2009
By Judy Dahl Mark Joyce : Remain open to all ideas and think creatively. Fostering close relationships with business members encourages them to do more business with the credit union—on the consumer side, too. “A few years ago, one of our larger [business] credit relationships was running into financial difficulty,”... READ MORE

Join the Credit Card Fraud Fight

July 20, 2009
By Donna Huppler The fight against credit and debit card fraud has become like a high-speed, high-stakes game of chess for credit union card processors. Each move by the criminals must be countered by the good guys. It becomes a constant battle to protect cardholding members’ accounts and assets while... READ MORE

Spotlight: Randy Smith

July 20, 2009
Who : Randy M. Smith What : CEO, Randolph-Brooks FCU Where : Live Oak, Texas What’s your CU’s member business lending outlook? Our outlook is good. While our loan growth was 17% for the last six months of 2008, it still grew 9% for the first five months of 2009.... READ MORE

When Members Commit Mortgage Fraud

July 20, 2009
By John Wallace When it comes to mortgage lending, even the most vigilant credit unions can be duped by their members. Whether the loan is a first or second mortgage or a home equity line of credit, today’s technologies make it easier than ever for members to create or alter... READ MORE

Hold the Paper

June 17, 2009
Removing paper from the lending process improves efficiency, cuts costs. Patrick Totty With its efficiency, cost savings, convenience, and eco-friendliness, paperless lending is poised to catch on with credit unions, vendors say. “Paperless will emerge in a fast way once credit unions embrace e-signatures,” says Philip Elwyn, vice president of... READ MORE

Cramdowns: CUs Not Out of the Woods

June 17, 2009
A Supreme Court decision leaves an open question on unsecured second mortgages. Michael McLain It’s unlikely Congress will reconsider cramdown legislation in the short term, following its defeat in the Senate this spring. Before breathing a sigh of relief, you might want to read the rest of this article. The... READ MORE
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