CU Times compiles our exclusive data sets in combination with information received from NCUA and other federal agencies to give a clear view of lending trends involving credit unions (i.e. mortgage, auto loans, HELOCs, student loans).
The Financial Services Roundtable's Housing Policy Council lauded NeighborWorks America and The Ad Council on its new public awareness campaign launched to help prevent home foreclosures. Commercials will be shown nationwide that urge homeowners in financial trouble to call 888-995-HOPE. In excess of one million households are expected to enter...
Charles Amato and Gary Dudley, the two co-owners of Southwest Business Corporation, a financial services firm with many credit union clients, will add two more NBA championship rings to their collection in January 2008 when the fruits of this year's San Antonio Spurs victory are handed out.
Reverse mortgages can be a great tool for older homeowners if all aspects are taken into consideration, CUNA Chief Economist Bill Hampel said in an article appearing today on CNNMoney.com.
Credit unions have done remarkably well recently in repairing once-troubled ties with auto dealers, but work still needs to be done on speeding up approval times, a former Evansville, Ind. dealer and automotive publisher told CU executives Thursday.
CUDL (CU Direct Corporation), the nation's largest point-of-sale and indirect lending network for credit unions reported high penetration numbers for its AutoSMART program and Web site www.cudlautosmart.com. CUDL announced that AutoSMART reached a record number 453 credit unions and 3,959 auto dealer participants representing some 15 million members.
Credit Union Lending Direct Corp. announced today that it has reached an agreement with Manheim Automotive Financial Services, to handle CU due diligence services for its 12,000 independent dealers.
Citing the downturn in auto lending in a now difficult market, the outgoing chairman of Credit Union Direct Lending Corp., Henry Wirz, appealed today for greater CU collaboration through the CUDL network as a means to halt the slide.
When it comes to auto lending, credit unions need to greatly tighten up their tracking and monitoring systems on a broad front with particular focus on dealer performance, borrower scores and loan terms to both produce gains and ensure against losses.