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Beleagured members benefit when Ent Federal Credit Union's collection team morphs into proactive Member Solutions department.
Credit unions, without government assistance or prompting, have officially reported 6,642 modified mortgages, with just over $1 billion outstanding in modified mortgage loans.
Developed by a cross-section of credit union stakeholders and spearheaded by the Credit Union Housing Round Table (CUHRT), a working document released today outlines a key credit union mortgage relief initiative.
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There are many benefits for credit unions that choose to represent themselves at auto auctions. However, the credit unions that are the most successful are the ones that are familiar with the auto auction sales process.
Although new vehicle sales are at a nine-year low, auto lending still represents a strong opportunity for credit unions.
It pays to be patient. The current subprime fallout is driving the record-breaking lending volumes credit unions experienced during the first quarter of this year. Let's not take it for granted.
Non-Prime lending has grown rapidly throughout the United States. Here are three reasons why credit unions should get involved in this market.
Although sub-prime lending can be a risky endeavor, Patelco Credit Union has been successful in providing sub-prime loans to its members.