Lending

Relationships vs. Return: Credit Card Program Strategies

June 01, 2006
Relationships vs. Return: Credit Card Program Strategies June 1, 2006 By Ben Wade One of the biggest challenges facing credit unions today is how to price services to ensure a proper return while meeting members' needs. Many credit unions have insufficient staff and limited access to competitive information that would... READ MORE

Relationships vs. Return: Credit Card Program Strategies

June 01, 2006
Relationships vs. Return: Credit Card Program Strategies June 1, 2006 By Ben Wade Implement risk-based pricing Leverage your reputation Modernize your credit card program Retain members One of the biggest challenges facing credit unions today is how to price services to ensure a proper return while meeting members' needs. Many... READ MORE

What Challenges Arise With Risk-Based Lending?

June 01, 2006
What Challenges Arise With Risk-Based Lending? June 1, 2006 Risk-based lending--the practice of pricing loans differently based on members' credit risk--might at first glance seem to contradict credit union philosophy. But those practicing risk-based lending say it helps them make more loans and treat members more fairly. Here's what three... READ MORE

Top 10 CUs: Credit Card Outstandings

June 01, 2006
Top 10 CUs: Credit Card Outstandings June 1, 2006 Top 10 CUs: Credit card outstandings to total loans Airline Pilots Association FCU, Willowbrook, Ill: 78.3% Ethicon Suture CU, Chicago: 67% Jersey City (N.J.) Police FCU: 57.2% Acme Continental CU, Riverdale, Ill.: 47.9% Global 1 FCU, Princeton, N.J.: 42.1% Allied CU,... READ MORE

2006 Mortgage Predictions

January 01, 2006
2006 Mortgage Predictions January 1, 2006 By Lee Howlett The competition our athletes will face in the 20th Olympics this February in Turin, Italy, will be nothing compared to the competition that will hit lenders within the next 12 months. Streamlined first mortgage settlements, increased industry regulation, and the evolution... READ MORE

Selling Nonconforming Loans? Here's What To Ask

January 01, 2006
Selling Nonconforming Loans? Here's What To Ask January 1, 2006 By James L. Smith If you've written one nonconforming loan or 100, chances are you've had your eye on the secondary market. What you might not know is that your institution's ability to sell loans on the secondary market starts... READ MORE

Tips From The Mortgage Experts

January 01, 2006
Tips From The Mortgage Experts January 1, 2006 By Peggy Bakken Rates No Longer A Selling Point With rising interest rates, the way lenders position mortgages will have to change. Staff will have to be retrained, no longer selling mortgages based on rate but on the advantages of home ownership.... READ MORE

Housing Landmines Dot The Horizon

December 01, 2005
Housing Landmines Dot The Horizon December 1, 2005 By John Danaher Skyrocketing real-estate prices, combined with unprecedented access to credit, may have created a perfect storm of credit danger for some consumers. As housing prices begin to level in markets across the country and interest rates begin to rise, many... READ MORE

CUs Commit $1 Billion For Low-Income Homebuyers

December 01, 2005
CUs Commit $1 Billion For Low-Income Homebuyers December 1, 2005 The Credit Union National Association (CUNA) launched a $1 billion initiative to help credit unions provide mortgages for low-income homebuyers. The Home Loan Payment Relief (HLPR) Program makes below-market-rate mortgages available to borrowers with household incomes at or below the... READ MORE

Thwart Debit Card Fraud At Every Turn

November 01, 2005
Thwart Debit Card Fraud At Every Turn November 1, 2005 By Glen Lee As debit card use grows, credit unions should apply the same security measures they use with credit cards. This strategy is designed to protect both member cardholders and credit unions. MasterCard and Visa promise consumers no liability... READ MORE
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