A few months ago the internet was awash with the proclamation that avocado toast was keeping Millennial borrowers from committing to a mortgage. Yes, the breakfast of choice for many of the Instagram generation was [...]
A new record was set in 2016 when 17.6 million cars and trucks were sold in the United States, marking the seventh consecutive year of increased auto sales, according to Automotive News. 48,000 [...]
The automotive lending market is rapidly evolving, and credit unions must find unique methods to generate auto loans if they expect to keep up. In order to address business and profitability challenges, credit unions must [...]
How well do you know your members? As a credit union, you have an enormous amount of insight and knowledge available at your fingertips to help your members secure their financial future. Tapping into that [...]
If your credit union isn’t offering members the ability to apply for, receive approval for, and check status of an auto loan from anywhere, you may be missing out on sales. As times and [...]
As technology evolves, so does your connection with credit union members. In today’s environment, your members may use several digital and in-person channels for conducting transactions and managing their money. And, while they may [...]
In the world of financial technology, things can move quickly, and keeping up with the latest trends and activities can be a monumental task. One of the latest and most promising industry trends is the [...]
There’s no doubt that as a credit union your members are always top priority. Without them, you wouldn’t have a credit union! Providing excellent customer service and innovative technology is a must in [...]
Keeping up with the latest developments in payment system technology is vital to the growth and success of credit unions today. Consumers are empowered to self-serve for just about everything that they do—from purchasing [...]
Working for a credit union can bring a lot of great benefits and opportunities. On the short list of negatives is the long—and always growing—list of regulatory and compliance requirements handed to the [...]
Members have very high expectations when it comes to the capabilities that their financial institutions offer. From sleek, user-friendly online banking platforms to convenient mobile applications, a lot has changed in the payments industry over [...]
Meeting the changing financial needs of its membership is a mission that Heritage Federal Credit Union prioritizes. In a competitive auto lending market with industry-wide low interest rates and a strong field of competition, Heritage [...]
Rising competition in the auto lending industry and interest rates that continue to nose dive make it more and more challenging for lenders to stand out to new—and sometimes even existing—borrowers. While some [...]
While everyone is hearing about “record” sales by vehicle manufacturers, everything is not a bed of roses for those making loans on these vehicles. Even though new vehicle financing was up 86.3% in Q1 [...]
Compliance is a major point of contention for many lenders—particularly when it comes to their collection operations. Many of the laws that were enacted decades ago to protect consumers have components that are almost [...]
