During 2008, New Orleans Firemen’s Federal Credit Union’s loan portfolio was mired in a slow decline. Loan application
volume was healthy, but too many loans didn’t close due to inadequate employee follow-up, long decision times, and overly
stringent lending guidelines. CU: New Orleans Firemen’s FCU Challenge: Declining loan portfolio Solution:...
CUNA continues to have grave concerns with the Federal Accounting Standards Board credit impairment proposal, concerns it expressed in a letter to National Credit Union Administration Chair Debbie Matz Tuesday.