Despite the U.S. housing finance market ongoing uncertainty, three credit union mortgage executives painted a largely positive outlook for 2012. Credit Union Times asked their thoughts on what the industry can expect as well as what the mortgage lending expectations in are in local markets.
Never has has so much emphasis been put on risk concentrations. There is no need to wonder why.
Never in the history of the credit union industry has so much emphasis been put on risk concentrations. There is no need to wonder why. High concentrations of certain risks are a major cause of credit union failures.
When UniWyo Federal Credit Union learned that its members, many of whom are college students, liked to manage their money online using sites like Mint.com, the credit union took matters into its own hands.
The $1.1 billion Associated Credit Union in suburban Atlanta is among the latest to offer a loan product to federal employees should the government shut down Saturday.
Raleigh, N.C.-based State Employees' Credit Union is ready to roll out its improved Estate Planning Essentials Program to members statewide.
Even as the housing markets in many areas struggle and decline in the face of ongoing high unemployment, some credit unions have continued to offer mortgages for some of the biggest residential sales.
Proving that every cloud has some silver linings, the $1.4 billion Technology Credit Union, headquartered in San Jose, Calif., announced that it has jumbo home mortgage loans available.
Managers at the $716 million Fort Worth Credit Union learned a thing or two over the Christmas holidays about tweaking a loan product that had a long shelf life. The result: a whopping 400% increase in loan volume in two years.
Card Analysis Solutions, an independent credit card consultancy dedicated to helping CUs get the most out of their card programs, has announced another school for CU credit card executives.