Beer Summit Part 3
Back in December, Keith Leggett posted an article on his blog, Credit Union Watch, about non-member business lending. To summarize the post:
The reporter was shocked that credit unions were funding business loans to nonmembers, as this seems to contradict the raison d’etre for credit unions as membership organizations.
He then stated a few statistics from the call [...]
Members in Nevada and California hit hard by economy
As I was neck deep in NCUA reports this week, I noticed a few interesting things about the state of delinquency in CU’s.
Not too surprising, but the state with the credit unions that have been the hardest hit by this recession has been Nevada. Nevada credit unions, on average, have a reportable DQ (accounts over 60 [...]
Credit unions need their head in the clouds
Cloud computing is the wave of the future for all things data related. Amazon started it with EC2 and S3. Microsoft is in it. Salesforce is doing it too. Credit unions are just starting to realize the benefits of virtualization and as more CU’s struggle with income generation, expense control, and capital expenditures, virtualization is [...]
Read more
Recent Comments