WASHINGTON — A recent CUNA paper advises smaller asset credit unions not to sharply increase fees nor suddenly change their underwriting standards in response to the down economy.
"Most credit unions now have strong balance sheets and near-record-high capital levels," CUNA's Small Credit Union Committee wrote in the paper, Managing Through Hard Times.
Other strategies the committee recommended included advertising more vigorously that deposits in the CU are insured, taking care to monitor the health of third-party vendors exercising special care when making investments.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
