Homebuying can be a complex and overwhelming endeavor for anyone, but especially for first time buyers and younger generations who may not understand the entire process or how to achieve their goals. Kyle McIlmurray details ways credit unions can better support young buyers in getting their dream home.
Adine Deford discusses how credit unions can utilize Artificial Intelligence and Machine Learning to simplify their loan processes and improve decisioning, especially for those with little to no credit profiles.
As auto industry sees increasing interest rates and rising used car sales, Mark Edmundson urges credit unions to reconsider their current strategy and offer asset protection to their members for the benefit of both the member and the credit union.
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.
In December, the House released the findings of their investigation into PPP fraud and found that FinTechs were guilty of failing to protect against fraudulent loans and even sometimes knowingly pushing said loans through in turn for a profit. Emily Claus reports.
ORNL FCU Distributes $5 Million Special Dividend to its Members, Pays Off Auto Loan Balances of Ten Members
The ORNL Federal Credit Union (ORNL FCU) Board of Directors approved a $5 million special dividend to be shared across the membership and paid off ten member’s auto loans.
Following its initial limited-time offering in 2019, MLCU is again presenting members aged 25 and younger the opportunity to get a car loan without a co-signer and to obtain a VISA credit card at the same time.
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.