Lending

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

There's Gold in That Card Portfolio

February 01, 2007
There's Gold in That Card Portfolio February 1, 2007 By Dan Green Why hang onto your card programs? A convincing reason for one of our credit union customers was a $1.3 million increase in balances and more than 80 new card accounts. This was the result from a single 1%... READ MORE

Prepaid Cards: The Next Profit Center

February 01, 2007
Prepaid Cards: The Next Profit Center February 1, 2007 By Bill Mathis The rapidly evolving payments industry is providing consumers with faster, more convenient and more secure access to funds than ever, while use of cash and checks continues to decline. Driving movement away from traditional paper-based transactions is the... READ MORE

Boost Mortgages by Building Member Relationships

January 01, 2007
Boost Mortgages by Building Member Relationships January 1, 2007 By Cathy Fleming Mortgages and credit unions go hand in hand, say this year's Excellence in Lending Award winners for mortgage lending, $2 billion asset Ent Federal Credit Union , Colorado Springs, Colo., and $185 million asset Ohio University Credit Union... READ MORE

Member Loyalty, Technology Create Consumer Lending Success

January 01, 2007
Member Loyalty, Technology Create Consumer Lending Success January 1, 2007 By Cathy Fleming Lending to consumers with spotty or no credit histories might be an unlikely specialty for some financial institutions. But this strategy fits squarely with the mission of this year's Excellence in Lending Award winners for consumer loans,... READ MORE

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