Lending

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

Rebate Nets $13.5 million

June 17, 2009
LEAD STORY Despite a local economy mired in recession, American 1 Federal Credit Union’s recent loan rebate promotion showed there’s room for loan growth in Michigan. The $163 million asset, Jackson-based credit union offered a loan rebate in April that will give members who financed a closed-end, secured loan half... READ MORE

Boost Growth With MBLs, Alternative Capital

June 05, 2009
  Watch now Credit unions could immediately inject $10 billion in business capital if restrictions on member business loans were lifted, says CUNA President/CEO Dan Mica. “The economy is hurting,” Mica notes. “The best way to get it going isn’t to create major employers who hire tens of thousands of people.... READ MORE

Illinois CUs Join Forces for Student Loans

May 28, 2009
Illinois-based credit unions recently joined forces to fund low-interest, federally guaranteed loans for Illinois students and their families. The 12 credit unions invested a combined $100 million in securities to finance Federal Family Education Loan Program (FFELP) loans through the Illinois Student Assistance Commission (ISAC). This figure could grow as... READ MORE

Falling Out of Free Fall

May 20, 2009
Bill Hampel   The U.S economy’s rate of decline is slowing. Beginning last fall, for several months economists were shocked with worse-than-expected monthly economic data. After a mild recession for the first three quarters of 2008, the bottom fell out of the economy, culminating with a 6.3% decline in gross... READ MORE

What's Popular

Popular Stories

Recent Discussion

Your Say: Does Your CU Offer Subprime Loans?

View Results Poll Archive