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Credit unions share their best practices with CreditUnions.com all year. Here, Callahan’s staff writers share their selections for a handful of lesser-known pieces that are worth revisiting.
NBC, NYT pieces on collections give credit unions pause for thought.
Five key areas credit unions should assess in their repossession process.
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Credit unions are using resources such as GPS tracking devices and starter-interrupt systems to help members with low credit scores and questionable histories purchase cars.
Each mortgage modification a credit union makes to help members avoid foreclosure keeps the housing market in better health.
State Department FCU’s in-house legal counsel drives a double-digit increase in recoveries and shortens collection turnaround time.
Credit unions are lending to businesses at a record pace, a trend which is helping boost local economies, says Callahan & Associates’ analyst Andrew Bolton.
The recovery of the under-built housing market may be on track as builders say they are more confident, investment purchases pick up and as affordability improves.
Contingent repossession accounts through third-party Forwarders endanger credit union members.