As Credit Card Debt Hits New High, PALs Reassert Their Value for Credit Union Members
QCash’s Seth Brickman discusses how NCUA’s Payday Alternative Loan program can be a boon to members who might otherwise rely on more predatory lending options or the credit cards in their wallets.
Credit Unions Should Harness AI to Boost Inclusive Lending
Try as we might, standard lending methods can often be fraught with bias—unintended or otherwise—which can negatively impact underserved communities. Nidhi Panday of Zest AI shares the benefits of using AI decisioning to increase lending inclusion.
Why Credit Unions Should Offer Interest-Only Loans
Coming out of a year of significant growth for credit unions’ real estate loan portfolio, AVANA’s Shivan Perera discusses why credit unions might consider offering interest-only periods on their loans.
A Case Study in Friction-Free Lending
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.
The Housing Market Nightmare: How We Got Here and How Credit Unions Can Help
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.
Federal Housing Administration Gains Support for Forty-Year Mortgage Proposal
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.
New Bill Aims to Prevent the SBA From Becoming a Direct Lender
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 We Use Loan Applications as a Barometer of Success?
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.
The Temptations and Drawbacks of a Secondary Loan System
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?
Should We Conduct Collections Through Text and Email?
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.
