HELOC 2.0 – Q&A with Wolters Kluwer
1. Home equity seems to be one of the few bright spots in the mortgage world this year: what’s driving its popularity, and what does this mean for credit unions? Last year was a “[...]
Posts Tagged ‘Lending’
Creating a more personal loan experience through artificial intelligence
Personalizing the consumer experience in a way that doesn’t necessarily involve a person? Say hello to the future of lending technology that brings loans – and members – into the credit union in ways that help [...]
Coarse to fine-grain: CECL for loan participations
As the first quarter 2023 deadline for CECL compliance approaches, credit unions must make a number of choices in how to model their portfolios. CECL is a flexible standard that permits many different methods for [...]
“Rent-a-banks?” Just say “more-of-the-same”
As if you didn’t expect it, the battle continues in the financial services sector to eradicate predatory payday lenders in the United States. Despite individual states’ gains in recent years to cap payday loans’ [...]
Coviance allows community lenders to harness the power of fintech
In an era of consolidation among major financial institutions, credit unions and community lenders continue to provide their customers with the high-quality personalized service that can only be offered by local businesses. But a longstanding [...]
How credit unions will tap into their true lending power in 2023
Lending products have long existed as bread-and-butter offerings for most credit unions. Even as the fabric of the financial services quilt becomes more colorful, consumer-friendly loans from people-centric lenders continue to play a very important [...]
Top 10 CUInsight lending and compliance posts in 2022
Happy Holidays from CUInsight! It’s been another great year and it’s time again to take a look at the year’s best. Here are your top ten lending and compliance posts from 2022! [...]
Top 10 CUNA articles of 2022
As 2022 ends, take a moment to look back at the 10 most popular Credit Union Magazine and CUNA News stories of the year: 10. C-suite succession: 5 steps to consider Create a leadership structure [...]
Leaders in Lending | Ep. 89: Lending leaders – 2022 trends and 2023 predictions
We’ve covered a wide range of topics that are propelling change in the lending space this year — from the use of technology to policy recommendations to unexpected changes, our guests didn’t disappoint with [...]
Lending Perspectives: A Christmas wish list
My closest friends and employees know a few things about my love of Christmas, one of them being that my wife and I open a storage bin of Christmas DVDs on Nov. 1 and don’[...]
Surveying the 2023 economic landscape for financial institutions
Without a doubt, the economic story of the past year has been the highest inflation in decades. Not only is it impacting current financial and economic activity, but it is dominating the outlook as well. [...]
Leaders in Lending | Ep. 88: Strategic community investments by credit unions
Many credit unions offer traditionally underserved members an advantage in not just banking, but financial planning. One crucial asset they can offer is financial education, providing not only a way to manage their money but [...]
Six strategies for loan portfolio growth during a recession
Credit unions tend to lend more than banks during times of crisis, as they are driven by their mission of continuing to support their communities. For example, during the pandemic, we saw credit unions do [...]
Leaders in Lending | Ep. 87: Seismic shifts in the indirect lending landscape
Over the past few years, the car industry has been hit by multiple disruptions due to supply-chain issues and lack of inventory. Regardless, people still are buying cars, and they’re certainly still applying for [...]
Credit unions face systemic challenges refinancing small loans
Credit unions are consistently willing to refinance small balance loans, but face systemic challenges to refinancing those loans, CUNA wrote to the Consumer Financial Protection Bureau (CFPB) in response to its Request for Information on [...]