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Credit: zimmytws/Adobe Stock The financial landscape is shifting rapidly, and with the Federal Reserve cutting rates by 50 basis points in September and 25 basis points this month, a refinancing wave isn’t just a possibility – it’s an inevitability. As consumers and loan officers launch back into a lending mindset after two years of high rates and conservative behavior, credit unions have a tremendous opportunity to grow their books and enhance their member relationships and experiences. The full impact of these rate changes may take some time to materialize, and the race won’t start next month, but the groundwork laid now will determine who stays ahead.
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