Loan campaign aims to set ElecTel Cooperative Federal Credit Union apart from its competitors.
Michigan First Mortgage has 30 employees and two branches.
As the amount of data captured grows, lenders are discovering that new technology platforms present new risks.
Learn about holiday lending, near-prime paper and more in this week's Focus Report.
By deliberately lending more to members with near-prime credit scores, credit unions are beefing up their balance sheets.
With autumn nipping at the heels of the last days of summer, credit unions are already gearing up to roll out their holiday loan programs.
A credit union books $290K in holiday loans and brings in another $309K by cross-selling other loans.
The increase in loan volume results in two consecutive quarters of total revenue growth, the industry's best numbers in five years.
SNL Financial says reserves were $26.90 billion in the second quarter.
The suburban Chicago firm provides contact center and lender services for more than 300 credit unions, banks and mortgage lenders.