Sign In To Keep Reading!
Need To Register?
Thank you for your interest in reading the fantastic content we have on CreditUnions.com! All users must log in to read, research, browse, and have fun on CreditUnions.com. It's free to create an account.
Learn What You're Missing
Upgrade Your Subscription
Back to CreditUnions.com
Read & Watch
Deposits & Payments
Operations & Technology
Search & Analyze
Find A Credit Union
Find A Credit Union Executive
Build A Peer Group
Strategy & Performance
Anatomy Of A Credit Union
Market Share Guides
Credit Union Directory
5 Tips To Survive Multiple Mergers
What Lurks In The Dark Web?
An Education In Online Banking Conversion
ACH Data Means More Lending For A NY Credi...
A Strategy To Market What Members Want
12 Ratios For Marketing Managers
It's Not Just A DC Road Race
Best Of Payments And Technology 2016
Best Of Mortgage 2016
Best Of Marketing 2016
Best Of Cooperative Strategy 2016
2017 Callahan Credit Union Directory
4 Tips For A Game-Changing 2017
Fail, To Succeed
Community Reinvestment In The New Year
The Rise Of The Machines
The Secret Behind Member Behavior
NCUA Board’s July 25 Decision Shows Need For Rethinking By Regulatory Leadership
IRR In Today’s Cooperative Industry
Fictionalize Your Social Marketing Strategy
Which credit union has the highest loan-to-share ratio?
How has the industry’s net interest margin changed and which state reported the highest level?
Billions More Reasons For The NCUA To End The Deepening Secrecy
NCUA Shows Nobody The Money, Except For The Attorneys
Money Indeed Changes Everything: An Open Letter To The NCUA Board
Five Corporate Estates Gain $570.1 Million In Second Quarter, But NCUA Secrecy Remains
NCUA Continues To Milk The Share Insurance Cash Cow
Oct. 20, 2008
I wish every person in America could read this article. It has certainly made me more optimistic about America's future.
I fully agree with the CU Housing Roundtable's goal of CU's capturing 10% of the mortgage market by 2014 and they're are already off to a great start in 2008.
Mr. Filson is justified in feeling proud of the Housing Roundtable's initiatives. Credit unions acting locally can be a very constructive factor.
Article good but misses several important points: 1) Even though many CUs do not sell their mortgage loans in the secondary market, it still does not hide the fact that the underlying assets backing those loans (your and my house for example) are losing value rapidly. 2) You rightly say that "the core of the problem is still very local - helping the individual consumer pay their current mortgage" but apart from enthusiasm, have nothing to offer on how this will be achieved. Will the roundtable be able to bring back jobs to America that went to China? Will it be able to stem the rot in our education system so our kids can get good jobs? Combat drugs? Teenage pregnancies? Mr. Filson, there are two sides to the mortgage crises: overvalued asset prices (that many CUs are carrying on their books) and the underlying side: people cant pay mortgages not because the interest rates are high but because they dont have jobs. Did the roundtable have anything more to offer than enthusiasm on how to overcome these issues? I didn't think so. Sincerely, Will Usuk First United Federal Credit Union Grandville MI
4 Tips For A Game-Changing 2017
NCUA Board’s July 25 Decision Shows Need...
Billions More Reasons For The NCUA To En...
1001 Connecticut Ave. NW Suite 1001
Washington, DC 20036
P: 800-446-7453 F: 800-878-4712
© 2017 Callahan & Associates, Inc.
All rights reserved