Driving Financial Stability: Strategies for Credit Unions to Support Members with Auto Loans
As the price of daily living increases, so do the average vehicle purchase and repair prices. Tim Blochowiak offers advice on what protection plans and products credit unions can offer their members to help offset these costs and prevent delinquency.
Credit Unions in the Fast Lane: Harnessing Tech for Efficient Vehicle Trade-Ins
Brad Parker shares credit unions can implement a variety of new technologies such as instant ID verifications, electronic leans, and more, to improve their auto lending journey for members.
New Bill Introduced to Raise Business Lending Cap
A new bipartisan bill introduced to the House this week would raise the business lending cap for credit unions from $50,000 to $100,000, Emily Claus reports.
Top 10 CUSO Magazine Articles of 2024
As we move into 2025, the CUSO Magazine team took a moment to reflect on 2024 by sharing the most widely read articles of the year.
The Double-Edged Sword of Artificial Intelligence: Navigating Improper Usage
As the credit union moves forward in engaging with artificial intelligence, Tonya Cohen reminds the industry why it’s important to handle the technology with care and caution, lest its misuse damage the credit union’s brand and member trust.
Getting Back to Work: A Member with a 536 FICO Score
Chip Filson shares one member’s story to remind credit unions why they’re here: to provide members with little financial miracles every day.
How Credit Unions are Ensuring Fair Access to Credit in an Era of Complicated Income Verification
In today’s economy, where workers tend to have several income streams of various amounts, it can be hard for traditional lending methods to make an accurate assessment of a member’s lending capabilities. Justin Wickett encourages credit unions to look to modern tools to ensure fair lending practices.
Industry Survey Reveals Current Digital Technologies Adoption Rates
A recent industry study offers insight on how quickly credit unions are adapting new digital tools and automation for internal workflows and what might be holding others back from doing so.
Takeaways from the CU*Answers 2024 Leadership Conference
CU*Answers held its Annual Leadership Conference discussing the future of the industry and of CU*Answers as it moves forward into 2025. Check out the key takeaways from each section of the event!
Appraisers Under Fire for Alleged Bias, Lenders On Notice
The issue of whether appraisers are guilty of racial and ethnic bias an important one, particularly since regulatory agencies have made it clear that lenders, including credit unions, are responsible for the accuracy of appraisals. David Baumann reports on the developments.
