Recent News

LENDING

Sub-prime lending ain’t college

04.23.2015

Getting 90% of your loan decisions correct, even for subprime lending, isn’t good enough. To be successful, your credit union has to remain consistent. Ability to repay shouldn’t be more important this year compared to last year. Pricing has to make sense for the risk. Finally, regardless of competitive pressures, your credit union must be willing to walk away from trying to compete for business that doesn’t make business sense.

LENDING

A guide for lenders: how to write an article for the Lending Council

04.23.2015

The biggest reasons to get involved and write: it’s great for your career and very rewarding as well. The now-retired CEO at my first credit union, Ed Baranowski, used to speak of the value of people helping people. Not just credit unions helping members, but credit union executives helping executives at other credit unions. That type of cooperation doesn’t exist in the banking world, which certainly helps us survive and thrive. In addition, I sincerely believe that if I hadn’t started writing on a consistent basis 16 years ago, my career would have stagnated without the incredible networking opportunities that it created as a result.

MBD

Five ways to get real Facebook Results

04.23.2015

In February, Facebook started to roll out a scoring system that will weight the costs of your advertising based on a scoring system that runs from 1-10. This means that the time and effort that is put into good creative execution will actually pay off with cost savings AND improved results.

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