Lending

Baby boomers still have money to spend and shouldnt be counted out, especially in the auto lending arena.

It happened. It took a bit longer than expected, but it happened. After 30 years of declining long-term interest rates in the United States, credit union executives may have witnessed the bounce off the bottom in the past few months.

Credit unions should train employees to look for triggers that would require disclosures and terms mandated by the Home Ownership and Equity Protection Act, said presenters Oct. 16 during a CUNA Mutual webinar.

Despite potentially more complications, lengthier time lines and higher risks, more credit unions have begun financing the construction of new homes.

Florida credit union partners with AutoNation Direct.

Service replaces interchange fees with direct credit to participating merchants.