PODCAST: Hot topics in lending

What’s on the minds of credit union lenders today?

A number of issues, says Bob Stowell, chair of the CUNA Lending Council executive committee, and senior vice president/chief strategy officer for Firefly Credit Union in Burnsville, Minn.

Some hot topics, Stowell tells the CUNA News Podcast, include:

• Projected decreases from the “phenomenal” auto lending market of the past few years;

• Millennials taking longer than previous generations to get married, start families, and buy homes;

• New member business lending rules going into effect; and

• The need to create faster loan processes to compete with new lenders in the marketplace.

Stowell also shares the story behind his credit union’s recent name change.

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