Focus Report: Consumer Lending
For many credit unions, holiday loan programs are a mainstay within their portfolios. Offering their credit-challenged members an alternative to payday loans while managing risk continues to be a balancing act. While it may be risky to lend to members with shaky credit histories, some credit unions are doing so and seeing portfolio growth.
Holiday Loans Seeks Mix of Debt Ease, Risk Control: With autumn nipping at the heels of the last days of summer, credit unions are already gearing up to roll out their holiday loan programs.
Credit Unions Eye Near-Prime Lending to Boost Income: By deliberately lending more to members with near-prime credit scores and not as much to members with prime scores, two credit unions are beefing up their balance sheets.
How Seasonal Loans Can Build Cross-Sell Opportunities: BluCurrent Credit Union's holiday loan program has taken off since launching in 2012.
Lending Data: Infographic: Data is important to lenders but implementation has challenges.