A Mortgage for Your Car?

A Mortgage for Your Car?

By Cynthia R. Walker, CEO At the time of the Great Depression, most home mortgages were short-term. The common term was three to five years, with no amortization, interest-only payments with a balloon at the maturity. Loan-to-value ratios were also below sixty...
Economic Outlook 2016 – Where Are We Now?

Economic Outlook 2016 – Where Are We Now?

By Matthew Jacobsen Credit Union, Economic, and Interest Rate Expectations: Where Are We Now? In March of 2016, the NCUA released credit union data for 2015 and noted that median growth rates for loans, assets, and shares were positive in all states. Median loan...
Well-Written Policies Are Your Friends – Part One

Well-Written Policies Are Your Friends – Part One

By Mark H. Smith, Founder Over my 30+ years working with credit unions, I have often witnessed the trauma that can occur from poorly written or nonexistent policies. When things go well, the lack of a written policy is often overlooked. However, when problems occur,...