PODCAST: Hot topics in lending
Auto lending, millennial members, MBL changes keep CU lenders busy.
What’s on the minds of credit union lenders today?
Some hot topics, Stowell tells the CUNA News Podcast, include:
Projected decreases from the “phenomenal” auto lending market of the past few years;
Millennials taking longer than previous generations to get married, start families, and buy homes;
New member business lending rules going into effect; and
The need to create faster loan processes to compete with new lenders in the marketplace.
Stowell also shares the story behind his credit union’s recent name change.