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CUNA Mutual Group Funds Filene Research Institute Consumer Loan Growth Study
NEWS RELEASE:
From CUNA Mutual Group Public Relations
www.cunamutual.com
For more information:
Jess Noelck 608/231-7861 jess.noelck@cunamutual.com
Rick Uhlmann 608/231-8940 rick.uhlmann@cunamutual.com
MADISON, Wis. – CUNA Mutual Group is funding a Filene Research Institute study on consumer loan growth strategies and best practices to help credit unions make the most of every lending opportunity.
“The study shows the innovation under way today in credit union lending programs and provides real, practical applications for our marketplace,” said Mark Meyer, chief executive officer of the Filene Research Institute.
For the study, Filene conducted interviews with credit unions that consistently showed more than 5 percent annual growth in their consumer lending programs (auto and credit card) between 2008 and 2010 and had over $50 million in assets. “Only 24 credit unions out of a potential 1,500 showed growth,” said Meyer.
The study identifies commonalities, best practices and case studies for credit unions to use to help them grow loans.
“Through our own voice of customer research, we know that loan growth is a top priority for credit unions today,” said Dan Kaiser, vice president of lending at CUNA Mutual Group.
The study is scheduled for a late-summer release.
About the Filene Research Institute: The non-profit Filene Research Institute is a consumer finance think tank serving the North American credit union system of 100 million members and $950 billion in assets. Filene publishes objective research and fosters consumer-focused financial innovation. The Institute collaborates with leading researchers and academic institutions worldwide.
CUNA Mutual Group insurance, retirement and investment products provide financial security and protection to credit unions and their members worldwide. With more than 75 years of true market commitment, CUNA Mutual’s vision is unwavering: To be a trusted business partner who delivers service excellence through customer-focused products and market-driven insight. More information on the company is available on the company’s Web site at www.cunamutual.com.
CUNA Mutual Group is the marketing name of CUNA Mutual Insurance Society, its affiliates and subsidiaries, including CUMIS Insurance Society, Inc. Product availability and features may vary by jurisdiction and are subject to actual policy language. Corporate headquarters are located in Madison, Wis.