Says serving low-income communities has its challenges, but the additional planning and attention to projections and risk management are worth the effort.
Unlike mortgages and business loans, for many financial institutions, including credit unions, auto loans are probably the least likely to have a flood of new competitors entering the space.
PORTLAND, Ore. — Buying and selling loans on the SBA secondary market is still unfamiliar territory for many credit unions.
A veteran lending manager says there are three ways to grow a profitable loan portfolio and he describes in brief how it's done.
A veteran bond and commercial finance expert says ways exist for credit unions to make more without creating undue new risk.
Nine more credit unions have committed to Fiserv Inc. for account processing solutions and other company products, the company said.
Fiserv Inc. said it has signed nine more credit unions as users of its account processing solutions and other company products.
Small businesses in North Carolina have another source to turn to through a new program launched by Gov. Beverly Purdue that involves CUs and banks.
The GPO Federal Credit Union will administer a $650,000 government loan to renovate a stone mill built in 1839 to include tourism and business spaces.
A $650,000 government loan administered by the GPO Federal Credit Union will be used to renovate a stone mill built in 1839 to include tourism and business spaces.