One expert says credit unions should look to an indirect auto lending program to grow their lending services.
Preparation should include procuring the right staff and technology, as well as reducing risk with sound policies and controls.
Reports from CUNA Mutual Group and the FDIC show banks are lagging in asset and loan growth.
To see a significant boost in income, credit unions need to get creative.
Cooperatives capitalize on auto lending, microenterprise lending and merchant discount apps.
Fierce competition from ride-sharing services have credit unions with taxi medallion loan portfolios down but not out.
Trump’s policies could cost first-time home buyers more as construction workers benefit from higher pay.
As interest rates climb, credit unions should expect a strong lending season ahead.
Offering mortgage products is critical as the demand for home financing grows and selecting the right partner will help determine success.
A new study finds successful lending strategies involve both digital and in-person member experiences.