The reform of the secondary mortgage market in the U.S. is like a very slow-moving train.
LAS VEGAS — The continued uncertainty surrounding the reform of the secondary mortgage market, combined with what that might mean for credit unions and what they should do, led the way at the American Credit Union Mortgage Association's 15th annual fall conference.
Which way to the exits?
Credit unions have a large stake in the debate over how to reform the secondary mortgage market but may need exceptional patience and endurance to see it through to the end.
Check out our on-site coverage of the Diana Dykstra's first annual conference with the California and Nevada Credit Union Leagues exclusively online.
ANAHEIM, Calif. -- Credit unions have kept strict watch on increasing income and lowering expenses over the last few years of tough times, but some have made creativity and frugality a way of doing business.
Nader Moghaddam, president/CEO of the $710 million Financial Partners Credit Union has a message about all that California gloom and doom: Credit Unions are overcoming the challenges and have become creative managers.
One of southern California's largest credit unions, Financial Partners of Downey, wants it known that not all is gloom and doom though it has been a bumpy ride.
Stressing that "not all credit unions are suffering," a group of Los Angeles CUs did media damage control after an article in a local business journal highlighted poor credit union performance.
Los Angeles credit unions, smarting from a negative article in a local business journal hitting on poor performance, stepped up a quiet media campaign this week countering that "not all credit unions are suffering."