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Mortgage originations set a quarterly record while consumer lending rebounded in the fourth quarter of 2020. Further economic reopening brings optimism, but the industry must monitor pandemic-related declines in asset quality.
Auto lending continues to dominate in penetration and market share; loan quality also improves.
How to position your credit union’s auto loan strategy for success in 2021.
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Declines in consumer loan demand and a continued pullback from indirect lending programs have resulted in a deceleration of auto loan growth, particularly in new auto loans.
Looking for new solutions? Check out these featured credit union suppliers.
Research and reflection drives a new lineup of products and services at Seattle Credit Union.
How to position your credit union for a post-COVID world.
The affects of a three-year pullback from indirect lending and the COVID-19 pandemic have resulted in a decade-long low in auto lending growth in the second quarter.
How residual based financing helps credit unions maintain and even increase loan volume in an uncertain environment.
Decreased consumer spending and a pronounced pullback from indirect lending programs contributed to slower auto loan growth at credit unions in the first quarter of 2020.