Ask a staffer at a smaller credit union how costly it is to keep up with collection efforts and the employee, who might be juggling a number of different duties, will likely sigh, overwhelmed at the expenses and time involved.
A much anticipated gift arrived during the holidays when third quarter data showed credit unions posted their strongest loan performance in history.
Six credit unions were recognized for their exemplary practices by receiving CUNA Mutual Group’s excellence in lending awards at the CUNA Lending Council’s 18th annual conference.
Nearly all the credit unions surveyed by a pair of CUNA Councils were using Facebook to interact with members, the company said Monday.
Of the 84 credit unions that applied for this year’s CUNA Lending Council lender awards, six stood ou t for resolve,creativity in a challenging economy.
CUNA Council white paper says due diligence can reveal problems that may change or even scuttle merger plans.
The entry deadline for the 13th annual Excellence in Lending Awards, which recognizes outstanding lending results and practices by credit unions, is Sept. 7.
Says despite labor, compliance and risk, credit unions that sold portfolios should get back into the business of issuing, white paper says.
Entries are being accepted for CUNA Mutual’s annual excellence in lending awards, which recognizes outstanding lending results and practices by credit unions.
CUNA Mutual Group and the CUNA Lending Council are looking for the industry’s top credit union lenders to be considered for its annual lending awards.