News

SACRAMENTO, Calif. - The California Senate Judiciary Committee has joined the State Assembly, car dealers and consumers groups in support of a bill - AB 68 - described as being the first in the U.S. that creates a "Car Buyer's Bill of Rights" and includes protections for consumers during the...

ORLANDO, Fla. - With the number of new investment options available to members, credit unions have more options to penetrate their membership. "Whether it's Exchange Traded Funds, Index Annuities, Lifestyle Mutual Funds or Living Benefits in Variable Annuities, each have advantages and disadvantages," said Mark Warshauer, Financial Services Solutions Development...

DENVER - Indirect lending is undisputedly accounting for a larger portion of credit unions' auto loan portfolios, which makes successfully managing a program all the more important. Key to that, says Aimbridge COO Ann Schmitt, is managing dealer relations. "It's incumbent on the credit union to be comfortable with the...

ORLANDO, Fla. - The non-prime lending landscape is fertile with opportunities for credit unions to grow loans and improve yields, a lending expert told attendees. "The bottom line is non-prime lending can be a tremendous opportunity to grow loans and improve yields," said Steve Martin, CUNA Mutual vice president of...

ORLANDO, Fla. - As banks continue their merger trend and Baby Boomers and others stand poised to inherit trillions of dollars, credit unions continue to be reminded of the benefits of offering members trust services. "It's not just Baby Boomers but those that are inheriting wealth right now," Dan Wroblewski,...

WASHINGTON - Consumers may be buying more new vehicles, but the characteristics of their loans have changed. According to the Consumer Bankers Association's annual automotive finance study, last year 45% of new vehicle loans had terms of more than 60 months, up from 40% in 2003. In 2000 only a...