Relationships Help Credit Unions Capture Growing Auto Loan Market

Northwest credit unions continue robust auto lending in a “hot” market. Data from CUDirect and Callahan & Associates finds Washington credit unions grew the category by 56 percent since late 2011, while Oregon credit unions increased by 34 percent.

ECONorthwest Brings Deep Planning, Finance and Economics Expertise to Credit Unions

Through a unique partnership with Strategic Link, the respected economic consultancy is offering services tailored to credit unions.

News & Notes: Here’s What’s Happening Around the Northwest

STCU announces new branch; Clackamas Federal gives $50k to community college; Rivermark catalyzes library effort; TAPCO supports Apple-A-Day; Lower Valley gives big.

MAP Helps Credit Unions Understand the Market for Mobile Wallets

What are mobile wallets and how will they affect your members? Member Access Pacific has released a white paper covering the options available to consumers, and the forces that will shape the future of mobile payments.

Putting Members in the Driver’s Seat, Part II: The Auto Industry’s Booming — But for Who?

America’s auto industry is booming again. Many manufacturers are reporting record sales, and the overall new-car market is expected to exceed 16 million vehicles in 2014. Who’s buying these cars, and what are they buying? The answers, automotive journalist John M. Vincent says in Part II of “Putting Members in the Driver’s Seat,” might surprise you.

NWCUA Puts Health Care Benefits Plan to the Test; Thumbs Up!

With all of the focus on the Affordable Care Act, the NWCUA put its own health care benefits package to the test – and it passed. The coverage plan meets the desired criteria of quality coverage, minimal annual increases and substantial savings, thanks to the aggregate buying power offered by The Trust.

Stang says NWCUA Will Focus On Policy Advancement, Public Awareness and Collective Action; Tells Annual Business Meeting That ‘Market Share Matters’

NWCUA President and CEO Troy Stang shared his vision for the future of Northwest credit unions at the Association’s Annual Business Meeting in Portland on Tuesday, saying he foresees a world in which credit unions are so relevant to consumers that they have “at least a majority share” of the financial services market.

NW Credit Unions’ Foreclosed Real Estate Balance Drops 32 Percent in Q2

Northwest credit unions improved their foreclosed real estate balance by 32 percent in Q2. The foreclosure performance is another round of positive news about the financial health and strength of credit unions in the region.

All Eyes on Eminent Domain Battle between California City and Mortgage Companies

The fight over the use of eminent domain for underwater mortgages is heating up in California. It’s a strategy that is gaining traction and the city of Seattle is said to be considering similar options.

Northwest Credit Unions Urge Continued Access to Secondary Market

An analysis of active mortgage lending by Northwest credit unions finds 84% of first mortgages are with institutions approved to sell on the secondary market. As Congress prioritizes GSE reform, the NWCUA and CUNA are advocating for legislation protecting credit unions’ access to the secondary market.

Strategic Link Question of the Week

Do you have any ways to help us increase our auto loan volume?

Northwest Credit Unions Outpace Banks in Year-Over-Year Deposit Increases

The most recent available data shows that Northwest credit unions’ deposit market share has remained steady in recent years, showing slight growth since 2010, while year-over-year deposit increases since 2011 show signs of economic recovery and credit union membership growth.

Northwest Credit Union Business Lending Up 11 Percent

According to data released by the NCUA, Northwest credit unions have more than $2.3 billion in outstanding MBLs through June 31, 2012, marking a quarter-over-quarter increase of 2 percent in Oregon and 2.8 percent in Washington.

Mergers: Leveraging Physical Assets for Targeted Growth

Paul Seibert of EHS Design will lead a breakout session on maximizing the benefit of credit union mergers at the NWCUA’s 2012 Convention and Annual Business Meeting. Here he outlines three key points to consider for credit unions exploring a merger.

CMG MI Offers Local Course in Mortgage Lending Fundamentals

CMG Mortgage Insurance Company is offering a two-day intensive session in Beaverton, Ore., on Sept. 12-13, which will help credit unions more effectively originate, process and underwrite first mortgage loans to current secondary market standards.

What Does It Mean to Be a ‘Primary Financial Institution?’

Jeff Russell, president and CEO of TMG Financial Services and a keynote speaker at the NWCUA’s 2012 Convention, explains how times have changed for credit unions, and how they can use a challenging economy as an opportunity to build membership.

Survey Turns Conventional Prepaid Card Wisdom on its Head

New survey results indicate that prepaid cards may not be strictly for the young and unbanked, as many middle- and upper-income consumers reported an interest in using prepaid cards provided by their bank or credit union.

Understanding the ‘Unbanked’ and ‘Debanked’ and the Opportunities to Serve Them

Strategic Link business partner Member Access Pacific (MAP) writes about how until recently, there were the banked and the unbanked. But now it is time to look at another customer segment: the debanked.