Lending

CU Lending in 2008: The Big Picture

January 01, 2008
CU Lending in 2008: The Big Picture January 1, 2008 By Jennifer Garrett Credit union lending looks generally weaker for 2008, says Mike Schenk, Credit Union National Association's (CUNA) vice president of economics and statistics. That's due to a weakening economy, including a weakening job market, increasing unemployment, and, consequently,... READ MORE

Zopa Launches U.S. Peer-to-Peer Lending Operation

January 01, 2008
Zopa Launches U.S. Peer-to-Peer Lending Operation January 1, 2008 Peer-to-peer (P2P) lending—which basically refers to people lending money to each other—is a way for people to share what for the past 50 years have been purely financial transactions, says Wade Lagrone, vice president of marketing at Zopa , an online... READ MORE

P2P Lending: Threat or Opportunity?

January 01, 2008
P2P Lending: Threat or Opportunity? January 1, 2008 By Beth Stetenfeld As social lending vendors emerge, CUs must learn how they work, why they're growing, and how to work with them. Yes, it's personal. In the 1946 movie, "It's a Wonderful Life," George Bailey emotionally describes loans made to community... READ MORE

Emergency Loans Rescue Members in Need

January 01, 2008
Emergency Loans Rescue Members in Need January 1, 2008 READ MORE

Spotlight: Richard Brandsma

January 01, 2008
Spotlight: Richard Brandsma January 1, 2008 Who: Richard C. (Rick) Brandsma What: President/CEO Where: Sound CU , Tacoma, Wash. Proactive lending and people skills pay off for Rick Brandsma, CEO of $362 million asset Sound CU, Tacoma, Wash. The credit union won CUNA Lending Council 2007 Excellence in Lending Awards... READ MORE

The Profitability of Data Accuracy

January 01, 2008
The Profitability of Data Accuracy January 1, 2008 By Jennifer Maisano The tides have changed over the last few years and you can either ride the wave or get stuck in the undertow. Consumers are bombarded daily with dozens of commercials advertising "know your credit score" and "obtain your free... READ MORE

Bring Indirect Members Into the Fold

January 01, 2008
Bring Indirect Members Into the Fold January 1, 2008 By Cathy Fleming Converting indirect loan applicants into active members isn't easy. But doing so is a great way to expand membership, credit union executives say. Seek Out Reputable Dealers Indirect lending is a higher-risk channel. Work with reputable dealers. Some... READ MORE

The Relationship Pricing Conundrum

December 01, 2007
The Relationship Pricing Conundrum December 1, 2007 By Rich Jones Credit unions are innovating incentives and relationship packages to create more member loyalty. Member loyalty is tied directly to: Engagement; Brand image; Convenience and physical proximity; and Price. Let's dissect each of these. Engagement Engagement is measured by the number... READ MORE

Mortgage-Backed Securities: To Sell or not to Sell?

November 01, 2007
Mortgage-Backed Securities: To Sell or not to Sell? November 1, 2007 By Emily Moré Hollis Countrywide Financial Corp., Calabasas, Calif., in August, announced liquidity problems due to its inability to sell securities collateralized by mortgage loans. This prompted investor questions about the risk of principal losses on Countrywide securities backed... READ MORE

After Katrina, CUs Take Small Steps to 'Normal'

November 01, 2007
After Katrina, CUs Take Small Steps to 'Normal' November 1, 2007 Recovery partners Enterprise Corp. of the Delta (ECD) is the nonprofit sponsor of HOPE Community Credit Union . HOPE is a community development credit union with $60 million in assets and 9,500 members. Both organizations are based in Jackson,... READ MORE

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