A stable real estate market and payments during draw help the $4.8B ESLFCU manage a 45% concentration in HELOCs.
While the overall risk of widespread HELOC default isn't a concern, individual lenders could face credit risk on their balance sheets.
Regulatory advice includes specific expectations of examiners, such as risk management strategies and documentation.
Long Island credit union's anniversary offerings include HELOC, account opening deals.
Long Island CU lending manager sees property values settling down, interest in equity lending picking up.