X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
jeffrey hartman

Credit unions have long been an excellent alternative for members who do not desire to use traditional banking services for their banking needs. With a more localized focus and different structure, credit unions have thrived as part of the financial system in the United States for some time.

However, credit unions have also taken a different model for recovering defaulted assets.  If any recovery method is used, it is typically in-house or through legal means, not through collection agencies or debt sales.  Fear of bad press and that potential members will negatively view the credit union has prevented credit unions from higher recoveries of defaulted assets.

Dig Deeper

Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.