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Centrix: Lessons Learned or Forgotten?

Even without predatory, subprime loans on their books credit unions aren't immune from the fallout of the subprime mortgage debacle.

By Staff Writer | Updated on January 15, 2008

DENVER — Even without predatory, subprime loans on their books credit unions aren’t immune from the fallout of the subprime mortgage debacle.

Some CU bottom lines are now pained by rising delinquencies in credit card and auto loan portfolios and the industry as a whole is waiting to see the full extent of the damage. Many are reassessing the risk for losses they yet face, particularly when dealing with third-party vendors.

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