Personal loans still offer niche, participants say, and a way to serve members while competing with payday lenders.
Credit unions demonstrating an ability to meet their members’ needs through innovation are also encouraged to apply, the two entities said.
This preview from our Aug. 28 print edition looks at what may be a shrinking credit union market for $600 and under loans.
Despite the apparent financial pain to cover the underwriting costs of small loans under $600, some credit unions still feel there is a segment of their membership that rely on this type of financing. Others don't.
CUNA Lending Council white paper looks at regaining portfolio for goods now largely financed by credit cards.
Cynthia Negri named EVP/chief lending officer. Ron Felder comes over from Patelco as chief credit officer.
New research paper outlines complicated topic for credit unions.
Ask a staffer at a smaller credit union how costly it is to keep up with collection efforts and the employee, who might be juggling a number of different duties, will likely sigh, overwhelmed at the expenses and time involved.
A much anticipated gift arrived during the holidays when third quarter data showed credit unions posted their strongest loan performance in history.
Six credit unions were recognized for their exemplary practices by receiving CUNA Mutual Group’s excellence in lending awards at the CUNA Lending Council’s 18th annual conference.