LAS VEGAS — Neutral stance on spending, ramp-up in housing construction among reasons for positive forecast.
Thanks to the real estate bubble and its aftermath in the Great Recession, housing finance has become an increasingly important driver for credit union membership, according to credit union executives around the country.
Find out in this preview from next week's print edition how revived housing demand is driving credit union membership growth.
As financial institutions, many people would suppose that credit unions make lending money a key focus of their business. But sometimes, over time, they lose some of that focus and fail to adapt their lending programs to members' changing economic needs. That is a little of what Brett Jorgenson found...
Even with a 45% cut in its 2012 fiscal year budget proposal, the SBA said it will still be able to support small businesses.
Even thought they still request products such as loans, more sophisticated asset management services are being demanded by baby boomers that are poised to retire over the next decade.
The commercial lending landscape was predicted to be next the real estate bubble to burst this year. That forecast certainly came to fruition as financial institutions continue to grapple with losses with just two months left in 2010.
LAS VEGAS -- The economic downturn has forced many credit unions to take a more "real world" approach to their mortgage lending.
At times, the mortgage program at Las Vegas-based Nevada Federal Credit Union has felt like an oasis of stability in the middle of a real estate market that has swung wildly from one extreme to another.
WAILEA, Hawaii -- The meeting planners at PSCU Financial Services, the payments CUSO for more than 500 of the nation's credit unions, wanted to emphasize the positive at their annual Member Forum this year.