Our cover story this month explains how used-car lending at credit unions is hot, while new-car lending certainly is not. We also look at some innovative strategies credit unions have come up with to pump up flat auto loan portfolios.
To turn around recession-related increases in repossessions, CUs have beefed up their loan-assessment processes, initiated faster action on collection procedures, and worked diligently to help members avoid repossessions.
Credit unions hoping to get a firsthand--but safe--look at how a hacker might attempt to breach their systems can get just that at an upcoming symposium hosted by CUNA and National Association of State Credit Union Supervisors.
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.