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.
The partnership will help the credit unions of Oregon and Washington manage vendor relationships with CUVM’s innovative services.
It’s a good thing that Oregon credit union advocates brought specially designed cookies with them to the NWCUA’s Legislative Lunch @ the Capitol, because even on a very busy day during a short legislative session, they found lawmakers hungry to hear about the impact credit unions have on the communities they serve.
The Office of the Comptroller of the Currency recently released updated guidance for national banks and federal savings associations for assessing and managing the risks associated with third-party relationships. The guidance does not directly apply to credit unions, but they still may find it useful.
Listening to what credit unions want is the key to providing the best partner services. Strategic Link business partner CUNA Strategic Services is profiled this week.
Strategic Link business partner Card Services for Credit Unions writes about how its Premium Enhancement Bundle can enrich credit unions’ card programs, allowing credit unions to spend less by adding more.
Survival in the fast-moving internet and technology age is dependent on two factors: trust and community. Salim Ismail believes credit unions have both and can leverage technology to win the street fight with big banks.