Overcoming the 4 fears of small-dollar lending

Credit unions have an chance to fulfill certainly one of their members’ unmet needs through small-dollar lending solutions. Members frequently turn to payday lenders to deal with their short-term lending needs, rather than engaging using their credit union of these services. Members turn to sources beyond their credit union due to the fact very few […]

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Bank loan zone: Set-in-stone credit limits are so 2019

Every charge card portfolio in the movement is going to be tested this season. Intense competition for cardholder business, changing consumer preferences and on-the-move rates of interest are only a few of the trends already presenting cards teams with tough challenges, yet also unprecedented opportunity. To position themselves for achievement in the evolving world of […]

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CFPB issues guidance on construction loans/TRID

Good Tuesday morning from your nation’s capital! I’m pleased to be in attendance alongside the nearly 5,000 bank professionals at this year’s CUNA Governmental Affairs Conference (GAC). GAC is really a tremendous opportunity to network with others in the industry and share stories from the #CUdifference with this legislators and regulators. As always, CUNA has […]

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Is technology freakin’ you out?

Financial Technology (FinTech) appears to be overtaking the field of banking. And your Board of Directors, Executive staff and perhaps even you’re all just a little on edge. All of you know banking-but this complete technology thing…maybe not a lot. Loans and deposits will always be around -but later on, the winners in banking will […]

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Generating profit & revenue in emerging cash intensive businesses (Part 1)

Financial institutions for years have been seeking ways to supplement traditional revenue by increasing their profits through non-interest income. More challenging verticals such as cash intensive businesses are increasingly attractive as profitable clients. When discussing the various sub categories of cash intensive businesses (check cashers, payday loan lenders, MSB’s, etc.), the emerging vertical acquiring the […]

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Social media helps AAACU close $2 million in loans

The $303 million, Alpena, Mich.-based Alpena Alcona Area Bank announced it closed $2 million in loans using Yak! Tracker, a social media lead generation application in the Oshkosh, Wis.-based CUSO Chatter Yak! AAACU adopted Yak! Tracker, which allows credit unions to use social networking to generate leads and revenue, in March 2019. As a result, […]

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Credit union CFO focus: Loan-level data

Sometimes it’s part of a discussion about preparedness for the Financial Accounting Standards Board’s proposal for managing Current and Expected Credit Loss. In other cases it’s raised when talking through a more proactive method of risk management under existing regulations. However the topic of accessing and analyzing “loan-level data” to better understand loan risks repeatedly […]

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