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Affinity Plus CU’s Approach to Innovation in Lending
Lending is top priority for credit unions who wish to thrive in today’s market, and to do so, innovative practices are key. The faster a credit union is able to originate and approve a loan, the more loans they will fund. Discover how Affinity Plus Credit Union– the recipient of CU Direct’s 2018 Innovation in…
Lending Strategies That Generate a Quick Return (Part 1 of 2)
If a credit union finds itself with a budget surplus and ROI is a must, where should it look to invest in the short term? I’d suggest two primary strategies to produce a quick return. The first would be to optimize existing systems, and the second would be to invest in self-funding initiatives. When optimizing…
The Quest for A Simplified Lending Experience
I’ve read a number of credit union industry articles recently that focus on the rise of consumer peer to peer (P2P) lending/marketplace lenders, usually with speculation about when these new competitors will start impacting our industry’s loan volume. That’s a fine discussion to have, but what seems to be lacking is an in-depth conversation around…
Embracing Technology to Assess Risk and Improve Your Competitive Edge
Have you ever bought a new car and, like me, just hopped in and started driving without reading the owner’s manual to discover what features and options the vehicle had? Months, and maybe years, go by without knowing you have some really cool features. Or maybe, you have a feature you know about, but you…