CINCINNATI—Expect auto leasing volume to increase in 2018, predicts one analyst, who says longer loan-financing terms will actually contribute to leasing’s growth next year.
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DUBUQUE, Iowa—Saying there are better ways to engage members than the year-end patronage dividend, Dupaco Community CU has turned to an annual six-month “promotion” it believes is more effective.
NEW YORK—With new car sales projected to decline in 2018, at least one person is worried automakers and lenders will try to sustain record growth and make the same mistakes that contributed to the financial crisis a decade ago.
ST. PETERSBURG, Fla.—Recent holiday sales data should be a strong Christmas Punch for any credit union not paying attention to being first when it comes to members’ mobile payments, according to one person.
TUKWILA, Wash.—Bury new members with too much information and they’ll soon become phantoms only rarely seen again by the credit union.
LOMBARD, Ill.—Credit unions need much more than special herbs or clear auras to rid themselves of the Ghosts of Members Past–they need instead to do a much better job of promoting their brand and getting loans directly into members’ hands.
ARLINGTON, Va.—They should be seen walking into credit unions during this holiday season, or logging into home banking or mobile branch, yet they are an apparition—there, but seldom seen.
SAN JOSE, Calif.—One credit union that is spending more time in the sun with solar lending believes many more credit unions will be offering similar programs in just a few years.
WASHINGTON—The Federal Communications Commission vote to repeal the net neutrality rules is expected by some to have a significant effect on consumers, but any effect on credit unions is far less certain.
LAWRENCEVILLE, Ga.—Used vehicles will likely retain their value better this year than in 2016, but that should not signal to lenders that it’s time to relax underwriting on this book of business.