Search
Copyright © 2025 ALM Global, LLC. All Rights Reserved.
Brian Quinn, assistant vice president for business services at the $857 million Franklin Mint Credit Union in Broomall, Pa., is the first to admit the system he’s using to process member business loans is archaic and inefficient.
“We’re tracking our loans and doing portfolio management through Excel spreadsheets and Access data bases that don’t speak to one another,” Quinn said. “Our core system is a Fiserv Galaxy and we have a mortgage servicing company that operates on a different data base, so we are pulling data from a lot of different areas. That makes portfolio management quite clumsy and we have gone through some substantial growth over the last four years.”
Quinn, however, is hoping his portfolio management challenges will soon be addressed.
Already have an account? Sign In Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
NCUA and Fed data also show credit unions’ share of auto loans in September has fallen from a year earlier.
With this rate shift and its many implications in mind, now is the time for CUs to reevaluate their lending strategies.
Results for 10 of the largest credit unions point to auto loans as the biggest factor in falling production.
White Paper
Sponsored by CPI
5 Considerations for Instant Insurance Deployment
Discover five critical factors you should consider when choosing to deploy an instant issuance solution -- all of which can affect cost, efficiency and member experience.
Infographic
Sponsored by CPI
We worked with an independent researcher to conduct an online survey of over 2000 credit and debit card users to find out how people pay everyday. Download the results!
Study
Sponsored by Alkami
Market Study: The Application and Consumer Perception of Artificial Intelligence in Banking
This comprehensive market study dives deep into the contrasting views between financial institutions and account holders, offering critical insights that can drive your credit union's strategic decisions.
Copyright © 2025 ALM Global, LLC. All Rights Reserved.
Sign In
Sign In
