CUs are in the business of managing risk. Whether dealing with lending, investments, or liquidity, managing risk requires a careful and calculated approach.
The stalled U.S. economy has not only aggravated the downturn in credit union new vehicle loans, it has put the industry's portfolio of current auto loans at greater risk.
There's a good chance the ultimate remaining cost will be closer to $5 billion than $8 billion, although this won’t be known until late in the remaining 11-year life of the stabilization program.
Your members may not have a very good understanding of what title insurance covers or what it costs. But title insurance is one of the largest expenses when closing on a purchase or refinance.