Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Second Discovery webinar addressed lending opportunities
MADISON, Wis. (4/21/11)--Current economic and regulatory conditions provide credit unions both positive and challenging trends, but opportunities for loan growth exist, CUNA Mutual Vice President of Lending Dan Kaiser told more than 1,150 registrants during the second Discovery Webinar of the 2011 series. Kaiser’s presentation, “The Road Ahead: Making the Most of Every Lending Opportunity,” provided a blend of lending and marketplace trends that impact credit unions and their members. “Consumers are understandably jittery,” said Kaiser, describing the Jitters Index, which measures home-centric economic concerns, including taxes, living expenses and the instability of employment and investment data. But the numbers also indicate a slow recovery of home prices, employment and auto loans. “We’re beginning to see a rebound in vehicle sales, which is good news for lending and for consumers,” Kaiser said. “The trends are predicting an upturn in loans starting this year, but extending over the next few years." With six of every 10 American adults using wireless Internet services, mobile banking use is expected to increase. According to Pew Research, 27.4 million Americans actively use mobile banking, and that figure is predicted to double in the next two years. “Mobile banking is clearly taking over the online channel,” said Kaiser, adding credit unions should embrace mobile technology to attract members. Other free 2011 Discovery events:
* May 24--“Technology Strategies and Trends,” presented by Rick Roy, CUNA Mutual senior vice president and chief information officer; * June 18-21--Seventeen Discovery sessions, which will be offered at CUNA's America's Credit Union Conference;

* July 19--Regulation double-feature, presented by Bill Klewin, CUNA Mutual associate general counsel and director of lending compliance, and Brad Pricer, CUNA Mutual employee benefits product manager; and * Oct. 4--Second Annual Online Discovery Conference.
Other Resources

RSS print
News Now LiveWire
.@RepDennyHeck to @NWCUA Amplify conference audience: "More often than not, CUs are part of the solution"
5 hours ago
LA Laker and NBA Legend Earvin "Magic" Johnson was the keynote speaker Tuesday @CCULReach, hosted by the Cal/Nev #CreditUnion Leagues
6 hours ago
.@growfinancial's #salsa sensation spices up seed giveaway #NewsNow http://t.co/rKmWVwwzot
6 hours ago
.@TheNCUA Office of Small CU Initiatives soon--maybe Nov.--will launch website for #CUs 2 research #creditunion vendors or service providers
6 hours ago
.@TheNCUA says late 2Q Call Report filers 2 pay total of $17,111 in penalties.Individual penalty range is $52 to $1,824;median is $256. 2of2
7 hours ago