March 22, 2004


Comments

 
 
 
  • Manufacturers and flooring banks have to learn that our members want more than "What payment can you afford?"
    Anonymous
     
     
     
  • Manufacturers and flooring banks have to learn that our members want more than "What payment can you afford?"
    Anonymous
     
     
     
  • great artical
    Anonymous
     
     
     
  • These numbers and statistics do not reflect what could be happening as far as the respective loan growths in Utah and Colorado. How many loans came from existing members, from indirect lending(buying dealer paper) and from suspect subprime lending programs that pitch high yield and low charge offs. Corresponding data on charge offs and delinquency needs to be monitored and published as well. It is very easy for a credit union to "buy deep" for a while and then find it necessary to turn off an auto loan program for many reasons. Tracking the results of programs that create an overnight influx of car loans is only completed after those respective portions of the portfolio are truly tracked for delinquency and charge off.
    Anonymous