ORNL FCU Distributes $5 Million Special Dividend to its Members, Pays Off Auto Loan Balances of Ten Members

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.

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Michigan Credit Union Gives Young Adults A Credit Boost With Auto Loan Program

Michigan Credit Union Gives Young Adults A Credit Boost With Auto Loan Program

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.

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Can We Use Loan Applications as a Barometer of Success?

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.

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The Temptations and Drawbacks of a Secondary Loan System

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?

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Is Your Credit Union Interested in a Third Party Loan Origination System?

Is Your Credit Union Interested in a Third Party Loan Origination System?

Pete Winninger of Lender*VP details how CU*Answers integrates third-party loan origination systems into its flagship platform to support their credit unions.

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The Student Loan Crisis: How Credit Unions Come Into Play

The Student Loan Crisis: How Credit Unions Come Into Play

We’re all familiar with the student loan crisis, but how did it reach the level it’s at now, and how do credit unions fit into the scenario? Barb Cooper takes a look back at the history of student loans and where the future might lead.

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Collections: Making It About the Member, Not the Money

Collections: Making It About the Member, Not the Money

Collections manager, Jerry Collins, knows collections isn’t an easy job, but he’ll help you realize you might be going about it the wrong way, and that money isn’t the most important factor in the equation.

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High Level Decision-Makers, Transparency, and Operating in the Weeds

High Level Decision-Makers, Transparency, and Operating in the Weeds

When it comes to data analytics, how do you know when to dive into the details and when to take a step back? Josh Peacock is here to help you decide what is going to be most beneficial for you and your credit union, and how to not get lost in the weeds.

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What to Do with a Denied Loan

What to Do with a Denied Loan

Is your credit union defaulting to no on loan applications and working its way up to a yes? In this article, Geoff Johnson takes a more in depth look at how credit unions can go about changing that mindset to get more out of loan applications.

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