Once upon a time, credit unions thought shuttered lobbies and closed branches would mean a steep drop in loan activity, only for loans to actually increase. Danny Phillips discusses how one credit union saw the opportunity to keep growing that loan portfolio during the pandemic and beyond.
It’s no secret that the current housing market in the US is a nightmare. With limited inventory and skyrocketing prices, competition is steep and affordability is a struggle. So where do credit unions come in? Vivian Colligan has a few ideas.
As the comment period for the 40-year mortgage proposal made by the Federal Housing Administration drew to a close, NAFCU and CUNA voiced their support, reports Esteban Camargo.
Republicans have introduced a new bill to congress that aims to scale back the Small Business Association’s lending abilities, leaving a gap for credit unions to fill in the lending sphere. Emily Claus details the contents of the bill as well as CUNA’s endorsement of it.
Can examining the changes in the number of loan applications a credit union receives be a prediction of success or failure? Josh Peacock thinks so, and he’s here to explain why.
CU*Answers CEO Geoff Johnson discusses the draw of a secondary loan origination system and its promises of customization, specialization, and an increase in loan volumes. Should credit unions join in the trend or be wary of all they promise?
Jerry Collins contemplates the system in which credit unions implement new processes only for regulators to step in and tell them they did it wrong and considers how we can change this dynamic—specifically in regards to collections via email and text.
Pete Winninger of Lender*VP details how CU*Answers integrates third-party loan origination systems into its flagship platform to support their credit unions.
The National Community Reinvestment Coalition said that if underserved areas of the U.S. are going to be revitalized, non-banks, including credit unions, should be subject to the Community Reinvestment Act, reports David Baumann of the Washington CU Daily.