c. myblog

September 15, 2011

Auto Lending: The Concerning Slow Decline

Traditionally, auto loans have been the “bread and butter” of credit union loan portfolios.  However, 1st mortgages have claimed that honor with short- and long-term trends showing continued declines in auto loans as a percent of total loans for the credit union industry’s balance sheet.  Auto loans have been consistently decreasing from roughly 40% of […]

September 1, 2011

Are New Members Different?

These are challenging times for financial institutions but it’s tough for individuals too.  Setting aside employment woes, managing personal finances has become especially difficult with the stock market in flux and dismal returns on deposits.  As financial institutions shift strategies to adapt to the environment, customers are reacting by looking for a better deal.  A […]

August 19, 2011

Farewell To Borders: No Business Is Immune

No business is immune to the pressures of external forces and changing consumer behaviors.  At the end of July, after being in business for over 40 years, Borders notified its 1.6M rewards customers that it would be closing its doors for good. According to Borders’ 2010 annual report, the company had: 642 stores 16,400 employees […]

August 5, 2011

U.S. Debt Downgrade?

Six days before the deadline to raise the national debt limit, 30 of 53 economists surveyed by Reuters news service believed the United States will lose its AAA debt rating in the near future.  Some would argue that kind of action is overdue with the national debt standing at about $14.5 trillion and growing.  However, […]

July 20, 2011

Back In The Subprime Game

In a recent issue of the Wall Street Journal, Lewis Ranieri—once known as the father of mortgage finance—said it is time for nontraditional lenders to enter the market, bringing with them a return to subprime lending.  Ranieri said “the pendulum has swung too far in the other direction,” meaning that lending standards were once too […]

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