The National Credit Union Administration has approved a modernized Member Business Lending rule giving federally insured credit unions greater flexibility.
CUNA Mutual Group debuts enhanced Collateral Protection to cover loan losses due to member participation in Uber, Lyft, and other transportation network companies.
Absorbing the full cost of auto loan write-offs caused by damaged or stolen uninsured vehicles usually isn’t a prudent option when a credit union’s bread and butter is its auto loan portfolio. But a “tracked” collateral protection insurance (CPI) program could help protect the credit union’s interest in the loan collateral.
Oregon’s expanded Credit Union Public Funds Collateralization Program launched Monday, giving government entities more local options for deciding where to deposit their funds. Five cities have already agreed to deposit funds in credit unions in excess of the $250,000 insurance limit.
We just found out a member has filed for bankruptcy. What should we do?
Are you benchmarking your credit union’s results to validate your present liquidation venue, decisions and methods? As Strategic Link business partner Repo Remarketing explains, data drives profitable liquidation decisions.
What is a discharge and when does it occur in the different bankruptcy filings?
Al Olson, Collateral Protection Staff Underwriting Specialist for CUNA Mutual Group, offers insight into the positive impact a tracked collateral protection insurance program can have on a credit unionâ€™s auto lending program.
The Association and its partner Repo Remarketing will be hosting a â€œcredit union day at the auctionâ€ on June 15 to explain how they can help credit unions manage their collateral liquidations.