Home lending has become increasingly more difficult in today’s evolving marketplace. The main factors driving these lending challenges include: 1. Evolving competition 2. Shifting consumer demographics 3. Increasing loan rates While market disruption and [...]
According to recent data, roughly 1000 credit unions and 2000 banks have a loan-to-share ratio of 90% or higher. Due to multiple market factors, many members are pulling their money out of traditional accounts in [...]
Setting, tracking and measuring goals with your employees will have significant impact on your sales team and broader organization. The key, however, is to collaborate with your team and come up with the goals together. [...]
Goal-setting for and with your employees can have a major impact on your sales team and broader organization, especially when sales leaders offer the right amount of coaching and support. As a manager, it’s [...]
Has your organization seen decreased lending opportunities or have you had to downsize profitable lending programs as a result of your loan-to-deposit ratio? Have you had to borrow money from the Fed or other funding [...]
Your CU was founded to serve your members at physical branch locations, and year after year, you do with superior member service and the best rates in town. But today, you are starting to recognize [...]
Are you a credit union issuer in the shared branch network? As an issuer in the shared branch process, are you seeing an increase of multiple inquirers on your members accounts? Credit unions across the [...]
At one point in time, the smallest town in the U.S. was Buford, Wyoming. Population: 1. The only resident also ran the only gas station and post office in the town. It’d be [...]
Setting, tracking and measuring goals with your employees will have significant impact on your sales team and broader organization. According to a recent study, setting goals and creating a more engaged team can result in [...]
As we enter the heart of hurricane season, it is important to evaluate how prepared your institution is in the event your property or members are impacted by a tropical storm, hurricane or flooding. While [...]
Lenders, it’s important to understand flood risk exposure, regulatory compliance, and insurance, so that your institution can be proactive in planning for changes ahead in the industry. Historically, flood coverage was deemed too high [...]
In a 2018 Gallup poll, only 34% of employees were actively engaged in their workplace and a 2015 SHRM report stated that 69% of respondents said they were consistently putting all of their effort into [...]
Senior Vice President of Claims and Recovery, Anne Holtzman, led a webinar about natural disasters and the impact they have on total loss. Natural disasters continue to be a national concern as statistics from the [...]
Rising costs, depreciation values, and total loss claims are disrupting the way the auto market is doing business as dealers, lenders, and consumers grapple with how to best handle the strain on finances and resources. [...]
Over the years, the industry has seen an increase in wire fraud involving funds disbursed from a home equity line of credit (HELOC) loan. The HELOC loan fraud exposures can involve various paths from which [...]
