Loan Originations

Artificial Intelligence Yields Real Results For This Cooperative’s Short-Term Loan Product

Top-Level Takeaways First Financial created its own AI/machine learning short-term loan system in three steps that involved extensive cross-enterprise commitment. Application abandonment has dropped along with the number of apps that have to go to manual underwriting. The system will be expanded to other loan products soon. First Financial of Maryland FCU ($1.3B, Sparks, MD)

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How Credit Unions Can Ease The Back-To-School Burden

Summer may only be at its midway point, but that’s not stopping credit unions from back-to-school planning. Many institutions all over the country kick off their back-to-school campaigns well ahead of the new academic year. Parents and students often need help to buy new backpacks, clothing, laptops and a host of other classroom supplies. Many

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Partner Perspectives

The Keys To Delivering An Excellent Member Experience

Many credit unions struggle to deliver the online experience members want. It’s time to use technology in new ways.
Features

Banking On Values In A Crowded Montana Market

Clearwater Credit Union is growing rapidly by embracing values-based banking and characteristics of life unique to Big Sky Country.
Features

How Credit Unions Are Coping With Surging Mortgage Rates (Part 1)

Some underwriting and belt-tightening, staffing and product changes are part of the response as swiftly rising rates roil the housing market.
Industry Insights

What’s Next for the Housing Market?

The U.S. is experiencing a shortage of homes amid record demand, which is likely to have an impact on mortgage lending moving forward.
Graph Of The Week

Mortgage Slowdown Cuts Origination Fees In Half

Income from mortgage originations and servicing were down from one year ago following slowdowns in sales and refinancing.
Features

How Canopy Credit Union Uses Personal Loans To Improve Members’ Financial Lives

A one-day-only promotion that mixes financial counseling with loan growth opportunities has been a roaring success since it was introduced two years ago.
Features

Are We In A Housing Bubble? 5 Credit Union Leaders Weigh In

Supply still lags demand but price hikes are slowing, and a lot has changed in the past 15 years.
Features

Artificial Intelligence Yields Real Results For This Cooperative’s Short-Term Loan Product

Top-Level Takeaways First Financial created its own AI/machine learning short-term loan system in three steps that involved extensive cross-enterprise commitment. Application abandonment has dropped along ...
Features

Summit Credit Union Transforms Mortgage Department with Automation

The Wisconsin-based credit union leverages robotic process automation to bring together disparate systems, optimize resources, and make processes easier for loan officers and borrowers.
Features

How Credit Unions Can Ease The Back-To-School Burden

Summer may only be at its midway point, but that’s not stopping credit unions from back-to-school planning. Many institutions all over the country kick off ...

How Credit Unions Can Ease The Back-To-School Burden

Summer may only be at its midway point, but that’s not stopping credit unions from back-to-school planning. Many institutions all over the country kick off their back-to-school campaigns well ahead of the new academic year. Parents and students often need help to buy new backpacks, clothing, laptops and a host of other classroom supplies. Many

Read More »
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