Music to My Ears: Credit Union Loan Growth

Music to My Ears: Credit Union Loan Growth

Published in Lending

I love music. An all time favorite is Dave Matthews Band, but I also sing Meghan Trainor, Rachel Platten, Daya, Lil Mama and Maren Morris as loud as possible in the car with my six-year-old daughter MacKenzie. Because small town roots don’t ever quite let go, you’ll also find Big & Rich, Brett Eldredge, Keith…

Leadership, Authenticity and How to Hack Them with Body Language

Leadership, Authenticity and How to Hack Them with Body Language

Published in Community

We all want to be led by somebody who seems “real” to us. People associate authenticity with sincerity, trust, and credibility. When we feel someone is “authentic” as a leader we assume that person is without doubt “The Real Thing!” The reversed bias on the other hand, has become shorthand for not “liking” another’s presence….

Drive ’17 Conference Delivers the Speakers and Strategies to Help CUs Win

Drive ’17 Conference Delivers the Speakers and Strategies to Help CUs Win

The lending marketplace continues to see competition ramp up. And now, more than ever, to remain not only competitive, but to gain market share, credit unions that embrace cutting-edge technology and strategies to capture more loans, improve loan portfolio performance, better engage members, and improve member loyalty, have a distinct advantage. Leading experts and innovators…

Fifty First Loans

Fifty First Loans

Well, February is considered the month of love, and on February 14th you most likely took the opportunity to tell that someone special in your life what you should have told them, repeatedly, over the last 365 days.  There used to be an old marriage joke that maybe worked in the mid-twentieth century, but probably doesn’t…

Strengthening Portfolio Performance is Critical in Today’s Auto Lending Marketplace

Strengthening Portfolio Performance is Critical in Today’s Auto Lending Marketplace

Since the beginning of time, lenders have sought a way to accurately measure and predict risk in their loan portfolios. Understanding risk allows lenders to make sound credit decisions and properly price loans.  Ideally, lenders need to make, at the very least, a high enough return on loans to cover the principle and any costs,…

Predictive Modeling – Important Questions that CUs Need to Ask

Predictive Modeling – Important Questions that CUs Need to Ask

As you know, the new CECL guidance calls for estimating life of loan losses for the ALLL reserve.  “Life of Loan” — just three simple words — but its implementation is anything but simple. Many factors within your portfolio can, and often do, affect loss estimates.  For example, the age of the loan, borrower’s credit…

The Future of Autonomous Lending is Now

The Future of Autonomous Lending is Now

I recently had the opportunity to research some of the emerging transportation technologies that will affect our lives over the next ten to fifteen years. Alternative fuels, autonomous vehicles and the ride sharing economy have been discussed in media for several years, and today we are beginning to experience how some of these technologies are…

The New Digital Lending Playbook for Credit Unions

The New Digital Lending Playbook for Credit Unions

Published in Lending

With the rise of online lenders, credit unions will face an even more competitive environment as loans are taken off paper and into the digital space. The emergence of digital lenders has introduced new competitive factors that place greater pressure on credit unions to keep up with both market trends and consumer expectations. That being…

Millennials and Auto Buying: What Really Matters to CUs

Millennials and Auto Buying: What Really Matters to CUs

Published in Auto Lending

There has been a lot of discussion of late on the subject of millennials, especially when it comes to attitudes regarding transportation choices, and specifically vehicle ownership. At the recent CUNA Lending Council Conference, there was an entire session devoted to millennials, with a panel of appropriately aged individuals providing anecdotal testimony to the findings…

It’s a Great Time of the Year to be Giving:  CUs For Kids Kick-Off New Charitable Campaign to Support CMN Hospitals

It’s a Great Time of the Year to be Giving: CUs For Kids Kick-Off New Charitable Campaign to Support CMN Hospitals

Published in Community

CU Direct and its management have always viewed giving back as an important part of its corporate culture. In 2014,  when CU Direct created the 20 for 20 Give-Back Campaign to celebrate the company’s 20th anniversary, we initiated an online event that allowed both the CU community and local communities around the country to vote…