Personal loans still offer niche, participants say, and a way to serve members while competing with payday lenders.
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.
New Jersey credit union goes to the Web, adds family and friends support feature.
Reaching out to credit unions and other community financial institutions is among 2011’s goals, according to the Financial Crimes Enforcement Network’s just-released 2010 annual report.