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.
Credit unions worked hard in 2011 to continue to build their housing finance programs even as the overall housing industry continued to struggle with low home prices, high foreclosure rates and significantly tighter mortgage underwriting rules.
New York credit union says surge in October already largest of year, with Bank Transfer Day bonuses payouts planned on Saturday.
The $2.9 billion Mountain America Credit Union in West Jordan, Utah, is the first credit union to offer its members a new online payment alternative involving NACHA, eWise and Jwaala.
Secure Vault Payments network from NACHA offered through Jwaala-eWise partnership.
Mountain America Credit Union has been named LPL Financial’s 2011 investment program of the year beating out 750 financial institutions for the honor.
Going green isn’t just a trend anymore–it’s becoming an expected way of life. And credit unions are finding that replacing paper documents with electronic ones doesn’t just save trees. It saves money, saves time and creates new marketing opportunities.
With the recruitment and retention of top talent continuing to be a priority, credit union human resources departments have stepped up their training efforts.
New offering will help non-English speaking members of Mountain America Credit Union with their financial transactions.
Call it a sign of the times. A Utah-based CUSO has partnered with a firm that specializes in managing and selling real estate owned by financial institutions to offer those services to other credit unions.