Of the 84 credit unions that applied for this year’s CUNA Lending Council lender awards, six stood ou t for resolve,creativity in a challenging economy.
CUNA Council white paper says due diligence can reveal problems that may change or even scuttle merger plans.
The entry deadline for the 13th annual Excellence in Lending Awards, which recognizes outstanding lending results and practices by credit unions, is Sept. 7.
Says despite labor, compliance and risk, credit unions that sold portfolios should get back into the business of issuing, white paper says.
Entries are being accepted for CUNA Mutual’s annual excellence in lending awards, which recognizes outstanding lending results and practices by credit unions.
CUNA Mutual Group and the CUNA Lending Council are looking for the industry’s top credit union lenders to be considered for its annual lending awards.
The lingering slowdown that is afflicting the U.S. economy is forcing credit unions to pay more attention to collections, a part of their business that is often forgotten or ignored, according to a new report prepared by the CUNA Lending Council.
CUNA Lending Council says more collections cases now coming from the formerly affluent.
If credit unions were looking for a lending panacea in 2011, it was nowhere to be found. It wasn’t for a lack of money to lend because many cooperatives were awash in funds, economists said over the course of the year.
With the rapid changes in the regulatory environment, one lending expert reminded credit unions to be gentle with their compliance officers.