Texas credit union will send staffer to home or office to open accounts, help with loan applications or whatever the member needs.
Through the transformation of iPads into sophisticated banking kiosks and other frontline technology channels credit union tellers are able to work more efficiently than ever before while freeing up more time and opportunities to deepen relationships with members.
CEO said milestone demonstrates the trust the industry has in the provider, which was founded in 1995.
For some credit unions, the recipe for high auto loan volumes is a mix of strong relationships with dealers, fast response times and a dedicated staff.
Depending on who you talk to, the credit union business lending landscape could easily be a mix of record loan growth peppered with a drop in delinquent debt to an environment that is thriving better than what bank competitors are experiencing.
Pent-up consumer demand and favorable rates helped Fiserv Inc. process more than 10.8 million loan applications in 2012, the company said this week.
The Fort Worth, Texas-based EECU said it surpassed the $1 billion mark in loans at the end of 2012.
When it comes to underwriting consumer loans, some community development credit unions have found success by looking at other factors besides credit scores.
About 18 months ago, Steve Hoke and his team were discussing how indirect lending could potentially be a better process for credit unions and give members usable information that would actually result in driving that coveted vehicle off the dealership’s lot.
Borrowers and lenders of loans backed by the SBA will have greater access to capital and less paperwork to deal with.