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Items Tagged with 'subprime'
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ARTICLES

Underbanked Consumers: The Next Frontier?

Unchartered territory may yield exciting opportunities for CUs.
February 1, 2013
Bill Merrick
No Comments
The underbanked market shows promising revenue growth.
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The Promise and Peril of Subprime Lending

Embrace C-, D-, E-tier members—to grow loans and to serve a greater swath of members.
January 1, 2013
No Comments
CUs are ‘stabbing each other in the back’ with low-rate auto loans for top-tier members.
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Grow Your Subprime Lending with Confidence

There are ways to lessen the risks associated with subprime lending.
November 25, 2012
Al Olson
No Comments
The cornerstone of managing auto lending risk is protecting collateral.
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Subprime Auto Loan Market Holds Promise

But be careful and don’t stray too far from your current membership base.
November 23, 2012
Patrick Totty
No Comments
'To do it right, credit unions need to hire experienced people to work with them on entering the subprime market.'
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May Cover

Credit Union Magazine

• May digital edition

May 2013

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Finovate Highlights Industry's Best and Brightest

Look into the Future of Finance

Scenes from FinovateSpring 2013

Scenes from the 19th Annual CUNA CFO Council Conference

Gladwell: CUs are David to Banks’ Goliath

Recent Discussion

In remembering Warren, the first thing I think of was his smile. He was a gentle, caring man who always thought of others first. I was honored to be a part of the MiOpportinidad project with Affinity Credit Union, Warren and Miriam. His hard work and dedication to that project was inspirational. Warren so deserves this award.

The author really understands the credit union philosophy and I really enjoyed the analogy of his bathroom remodel. The only thing missing was pictures of the finished bathroom! :)

Thank you Phillip for showing the differences between a Big Bank that is only looking to sell you products and a Credit Union that actually looks out for its members needs. Great article!

I love and give a standing ovation to Ron Kase and to other caring people just as much as those who passed away on 2012 like Warren Morrow at Des Moines Iowa. He worked hard for those who are under-served an under-represented, but wasn't mentioned in your magazine. It may be beneficial for the entire world to know about his accomplishments no for his benefit, obviously, but to increase the number of positive and caring people and to add members the CU. Just ask Coopera Consulting at Des Moines Iowa about Warren Morrow's legacy.

That’s right Lisa. The servicing rule would not require a credit union to create its own policies and procedures if all aspects of the servicing are delegated to a sub-servicer. However, remember that the credit union will have to conduct due diligence on the sub-servicer to make sure it is following the minimum requirements for policies and procedures. Unfortunately, even those credit unions that use a third party servicer will need to have a working knowledge of the CFPB’s servicing rule.

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