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.
LoanPASS Makes Huge Strides in 2022
LoanPASS, a fast-growing fintech provider focused on automating product and pricing decisioning for all loan products, announced today that they are poised for significant growth in 2023.
House Report into PPP Loan Fraud Points the Blame at FinTechs
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.
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.
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?
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.
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.
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.
