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.
WASHINGTON (7/24/15 UPDATED 1:05 p.m. ET)--National Credit Union Administration Chair Debbie Matz sent clarification Friday on comments during hearing that seemed to indicate a lack of faith in credit union leadership.