A credit union books $290K in holiday loans and brings in another $309K by cross-selling other loans.
The increase in loan volume results in two consecutive quarters of total revenue growth, the industry's best numbers in five years.
Program is part of the bureau’s “Know Before You Owe” mortgage initiative.
Credit union leaders say they already consider FICO's changes when underwriting loans for members.
As business lending heats up, credit unions must closely monitor every risk to avoid wounding portfolios for years to come.
Will the new change in the way credit scores are calculated result in a loan growth boost for credit unions?
Two executives who shared CU Times’ Trailblazer Award for Lending in 2011 move on to work together at another credit union.
Symbionce Financial Solutions had 478% growth between 2010 and 2013.
Borrowers under the age of 30 have the lowest mortgage delinquency rate of all borrowers.
The FHFA reports a slight uptick in refinanced mortgages as a result of lower interest rates.