Credit union executives said auto and mortgage lending are the first and second best opportunities for credit union growth in 2015.
Survey from TransUnion shows credit union executives are bullish on next year's lending prospects.
Younger consumers continue to have lower debt levels.
Two credit unions carrying up to a 45% concentration of home equity lines of credit said the loans are not at risk or that they have taken steps to monitor and mitigate potential risk.
While the overall risk of widespread HELOC default isn't a concern, individual lenders could face credit risk on their balance sheets.
Credit bureau also noted that auto loans are consumers' top payment priority in good times and bad.
Lenders are always challenged with finding innovative ways to grow their portfolios. As the appeal of broad-market direct marketing dwindles in our highly competitive marketplace, lending institutions are moving to more-targeted acquisition strategies by leveraging a deeper understanding of a member’s lifetime value.
Credit cardholders who routinely pay only their monthly minimums present double the credit risk as those who pay more, even if only slightly more, according to a new study.
Credit reporting firm TransUnion reported Aug. 13 that the ratio of credit card accounts that are more than 90 days past due dropped to 0.57% in the second quarter of 2013, down from 0.63% in the second quarter of 2012. That 0.57% is only one basis point from the all-time...
Second-quarter 90-day delinquent rate only one basis point from all-time record, credit bureau says.