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Many credit unions are not looking at loan protfolios heavily populated with fixed-rate loans originated during a (fairly lengthy) period of historically low-term interest rates.
By revamping an existing business lending program, Randolph-Brooks drove dramatic growth without compromising their strong member service.
Members 1st FCU finds early success with recent launch of private student lending solution.
As loan demand remains solid, credit unions are actively managing their liquidity. Borrowings are on the rise, up 74.1% over the past 12 months among credit unions participating in Callahan & Associates’ First Look program.
The Fed’s just-released March Senior Loan Officer Opinion Survey reported banks are continuing to tighten mortgage lending standards. Meanwhile, credit unions are reporting double-digit increases in mortgage volume.
Total credit union borrowing rose in 2007, even as fewer credit unions reported outstanding balances. As credit unions continue to see increased loan demand, total borrowing may continue to rise.
After holding the Federal Funds rate at 5.25 percent for more than a year, the Federal Reserve has now lowered the target rate by one percent in less than two months. Will the reduction in rates be a positive for credit unions?
Credit Unions have a unique position as a balance sheet lender, this fact presents an opportunity to help members as the mortgage market struggles.
Corporate credit unions aren’t just riding out the shift in liquidity—they’ve grown market share in both investments and borrowing.
Borrowing gives CFOs a flexible tool to manage short-term liquidity and longer-term interest rate risk.
The benefits are endless!