Did you miss Risk-Based Lending Part 1?
|
|
- Hannah Warner
- 5 years ago
- Views:
Transcription
1 Welcome! We will begin today at 1pm central. Did you miss Risk-Based Lending Part 1? Check out the archive for video + slides
2 Risk-Based Lending Three Credit Union Perspectives Betsy Sommers, SVP Seasons Federal Credit Union Nina Myers, VP Operations Fitzsimons Credit Union Jim Brown, Director of Retail Lending University Federal Credit Union
3 Risk-Based Lending Seasons Federal Credit Union
4 Betsy Sommers SVP Seasons Federal Credit Union Middletown, CT
5 Non-Prime Lending: One Credit Union s Story of The Good, the Bad, the Ugly and the Lessons Learned.
6 Setting the Stage: Our 2011 Environment Middlesex County 1.7% unbanked 11.6% underbanked 8.6% unemployment rate New Haven County 7.2% unbanked 15.1% underbanked 10.7% unemployment rate Connecticut has struggled with a slow-growth economy since the last recession, recovering only 80% of the jobs lost as compared to 108% for the nation as a whole. In Connecticut, lack of transportation is a barrier to employment for families with no or unreliable transportation. Of people ages 16 and older that work, 96% use a private vehicle to get to work because public transportation isn t readily available.
7 Non-Prime Lending: We Were ALL In! Lending Philosophy circa 2011: The only reason a member should ever be turned down for a loan is when our loan officers or decision makers believe the member will not pay the credit union.
8 Fast Forward.
9
10 1. Be Measured and Purposeful in Your Approach a. Include your entire team b. Have a solid grasp of your product profitability c. Walk before running
11 2. If You Build It They Will Come a. Review your policies, procedures, suite of products and services and concentration limits before jumping in b. Don t try to compete on rate in the non-prime space c. Don t buy other people s d. Your delinquency WILL increase e. Shore up your collections team and process
12 3. Take a 360 Degree Approach to Analysis a. Lending in the non-prime space will have consequences across the organization, not just in lending and collections b. Quantify everything c. Trust, but verify
13 4. Be a Willow a. Be prepared to juke and jive, adjusting as necessary b. Have a plan for opening and closing the non-prime spigot c. Implement changes gradually or you run the risk of over-correcting (remember, you re turning a cruise ship not a rowboat)
14 Questions for Betsy?
15 Risk-Based Lending Fitzsimons Credit Union Aurora, CO
16 Nina Myers VP Operations Fitzsimons Credit Union
17 Steps to Risk-Based-Lending Program Success Evaluate the need Look at your pricing and underwriting factors Look at your products Step up your analytics Have a risk mitigation/collections plan Put it all in your business plan Rinse & Repeat be prepared to tweak often!
18 Reasons to look to non-prime lending Change of charter member demographics What does your SEG or community need? Attracting younger members Credit union financials Higher loan-to-share Fee income Lower interest rate risk
19 Risk-based Lending vs. Risk-based Pricing Score is used to price, not to underwrite Underwriting is based on risk(s) & mitigating factors Items in a borrower s credit report Trending of credit history Ability to Repay/Debt-to-Income Loan-to-Value Relationship with the credit union Non-traditional credit Borrower commitment (aka CASH) Your counter-offers should increase
20 New Products & Services Payday loan alternatives Immigration Specific loan products to benefit community Lending to non-citizens Employer-sponsored loans Credit-builder loans Year, mileage or other vehicle loan adjustments Evaluate GAP, warranty & debt protection plans Dealer relationships
21 Evaluate and manage risks Analytics tools internal or external Trends Profitability Static pool analysis Exposure/negative equity Meet to review Underwriting reviews Post-mortems of charge-offs
22 Have a Collections Plan Delinquency & charge-offs will increase Knowledgeable and sufficient collections staff Advanced tools Legal assistance Economic & industry changes
23 Engage your board Inform on strategy Put into strategic plan Make adjustments to budget Give frequent updates
24 Be prepared to tweak Don t set it and forget it Review trends Learn from mistakes and react quickly Tweak policies and procedures
25 Questions for Nina?
26 Risk-Based Lending University Federal Credit Union Austin, TX
27 Jim Brown Director, Retail Lending University Federal Credit Union
28 The UFCU nonprime story Why we do it These are the members with the greatest need. These are the members with the fewest loan options. Credit unions were formed to serve these members. If you help C, D, and E members, they will be very loyal. Aggressive dealer financing will cause us to lose many of our A+/A members. You can actually make money on C, D, E paper loans. (improved yields)
29 The UFCU nonprime story How we do it How we underwrite nonprime auto loans How we close the loan How we collect the loan The growth of the program
30 How we underwrite the loans Credit Report Job/Income Account Relationship Other factors Guidelines
31 How we close the loan Verifications Minimum down payment References Firm close
32
33 How we collect the loan Dedicated collectors Queues
34 The numbers Since July 2004 we have funded over 16,400 loans for $254,000,000. D&E Auto Delinquency (60 days+) = 1.61% 1,801 charge-offs for $13.6 million Average loss $7,600
35 The Good, The Bad, and The Ugly: The Good: We are able to not only help people just get a loan but to get a fair rate We are able to help members improve their credit scores The Bad & the Ugly: We have not really had any bad and ugly, what we have had is challenges. We know there is a big potential for these to go bad so we need to staff accordingly in collections (need to have the resources to manage the risk) We need to make sure that our established procedures for these type of loans does not slide We need to pay attention to good practices, change management, and lending standards
36 Lessons learned Start slow and make sure your policies, procedures, and processes work before jumping into the deep end Make sure you have systems that can identify these loans at origination and in collections (i.e. loan type) As the portfolio get bigger the numbers get bigger (i.e. repos, chargeoffs) we need to manage the numbers and make sure we keep an eye on the overall results (yield and profitability) and not freak out on the dollar amount alone When they go bad they are ugly and can be painful (remember the spread) Don t put all your eggs in one basket, keep a balance of all tiers (don t set out to be the subprime lender of choice) Hire the right people to collect (make sure they have the experience and emotional intelligence to do the job) Make sure you close the loan correctly (firm close and closing summary) Start collection activity on day one
37 Questions for Jim?
38 Thank You!
How to be Successful With Higher-Risk Auto Lending
How to be Successful With Higher-Risk Auto Lending Heartland Credit Union Association Annual Convention Overland Park, KS October 6, 2017 By Brett Christensen, Owner CU Lending Advice, LLC brett@culendingadvice.com
More informationUnderwriting, Metrics, and Credit Scoring That Reduce Losses
Underwriting, Metrics, and Credit Scoring That Reduce Losses Presentation to Innovate 2012 Monday, September 17, 2012 Part One Ken Shilson, CPA President, Subprime Analytics Booth # 132 2180 North Loop
More informationTurning the tide. Managing troubled portfolios
Managing troubled portfolios Executive summary The economy may be recovering and the credit picture improving, but lending institutions still find themselves coping with some troubled portfolios. Plus,
More informationWelcome! Credit Scoring and Sub-Prime Lending
Welcome! Credit Scoring and Sub-Prime Lending What is Credit Scoring? It s the use of a statistical model to objectively evaluate all the credit information available in a single repository What is a repository?
More informationUsing Business Intelligence to. Joe Greenwald SVP, CU Direct Corporation and Michael Cochrum Product Director, Analytics Products
Using Business Intelligence to Improve CU Loan Performance Joe Greenwald SVP, CU Direct Corporation and Michael Cochrum Product Director, Analytics Products Who is CU Direct? Established in 1994 as a CUSO
More informationState of the Automotive Finance Market
State of the Automotive Finance Market A look at loans and leases in Q3 2017 Presented by: Melinda Zabritski Sr. Director, Financial Solutions www.experian.com/automotive 2016 Experian Information Solutions,
More informationSAFE CREDIT UNION Helping Members Improve Their Financial Well-Being After The Damaging Effects Of The Financial Crisis
Testimony Before the Financial Crisis Inquiry Commission SAFE CREDIT UNION Helping Members Improve Their Financial Well-Being After The Damaging Effects Of The Financial Crisis Statement of Henry W. Wirz
More informationState of the Automotive Finance Market
State of the Automotive Finance Market A look at loans and leases in Q1 2018 Presented by: Melinda Zabritski Sr. Director, Financial Solutions www.experian.com/automotive 2018 Experian Information Solutions,
More informationThe CFSI Underbanked Consumer Study Underbanked Consumer Overview & Market Segments Fact Sheet
The CFSI Underbanked Consumer Study - Fact Sheet June 8, 28 The CFSI Underbanked Consumer Study Underbanked Consumer Overview & Market Segments Fact Sheet Released: June 8, 28 Introduction The purpose
More informationALTERNATIVE DATA TRENDS GIVE INTELLIGENCE TO LENDERS
ALTERNATIVE DATA TRENDS GIVE INTELLIGENCE TO LENDERS FEBRUARY 2016 The Alternative Credit Bureau National experts agree that a full 20 percent of U.S. households or nearly 50 million consumers -- are underbanked,
More informationMelinda Zabritski, Director of Automotive Credit
State of the Automotive Finance Market First Quarter 2012 Melinda Zabritski, Director of Automotive Credit Experian and the marks used herein are service marks or registered trademarks of Experian Information
More informationChapter 11: Financial Markets Section 1
Chapter 11: Financial Markets Section 1 Objectives 1. Describe how investing contributes to the free enterprise system. 2. Explain how the financial system brings together savers and borrowers. 3. Explain
More informationCreating a Sustainable Foundation for Financial Inclusion
Creating a Sustainable Foundation for Financial Inclusion Scott Butterfield, Your Credit Union Partner Sarah Marshall, North Side Community Credit Union Jamey Gill, Mendo Lake Credit Union Purpose of this
More informationNABD 2014 National Conference. Benchmarks and Industry Trends
NABD 2014 National Conference Benchmarks and Industry Trends About NCM Associates Pioneered the automotive 20 Group in 1947 Provide 20 Groups Education Consulting Benchmark Tools Data Management Solutions
More informationSafety First. You might see that slogan in a chemistry. Managing Safety, Liquidity, and Yield. Chapter 2. In This Chapter
Chapter 2 Managing Safety, Liquidity, and Yield In This Chapter Understanding risk Making sure you have enough cash Finding the discipline to succeed Polishing your crystal ball Safety First. You might
More informationHow to Avoid Car Rental s. Company. Biggest Accounting Mistakes
How to Avoid Car Rental s Company Biggest Accounting Mistakes Objectives Why What How Why - do we need to avoid accounting mistakes What - Identify the biggest accounting mistakes How - do we avoid them
More informationState of the Automotive Finance Market
State of the Automotive Finance Market A look at loans and leases in Q4 2016 Presented by: Melinda Zabritski Sr. Director, Financial Solutions www.experian.com/automotive 2016 Experian Information Solutions,
More informationState of the Automotive Finance Market
State of the Automotive Finance Market Presented by: Melinda Zabritski Q3 2018 1 Experian Session overview Market Overview Outstanding balances Total risk distributions Delinquency Originations New and
More informationUnderbanked 101. Joshua Sledge, Analyst, Innovation and Research, CFSI CFSI Underbanked Financial Services Forum June 13, 2012
2012 2012 Center Center for for Financial Financial Services Services Innovation Innovation Underbanked 101 Joshua Sledge, Analyst, Innovation and Research, CFSI CFSI Underbanked Financial Services Forum
More informationUNDERSTANDING BUSINESS CREDIT
YOUR GUIDE TO UNDERSTANDING BUSINESS CREDIT POOR YOUR BUSINESS CREDIT PROFILE GOOD SPONSORED BY UNDERSTANDING YOUR PERSONAL CREDIT PROFILE Every small business owner has two credit profiles: 1. Your personal
More informationGAP INSURANCE When It Is Needed Why Adding it to a Personal Auto Policy Often is the Better Choice. Example of New Vehicle Pricing - from TRUECar.
GAP INSURANCE When It Is Needed Why Adding it to a Personal Auto Policy Often is the Better Choice PAGE 1 - Loans can quickly exceed value - How GAP insurance is an inexpensive solution PAGE 2 - What to
More informationStrengthening Your Capacity to Serve the Underserved
Strengthening Your Capacity to Serve the Underserved Blake Myers Consultant, National Federation of Community Development Credit Unions Teri Robinson CEO, Pacific NW Ironworkers FCU Agenda 1. The Opportunity:
More informationMelinda Zabritski, Director of Automotive Credit
State of the Automotive Finance Market Third Quarter 2010 Melinda Zabritski, Director of Automotive Credit 2010 Experian Information Solutions, Inc. All rights reserved. Experian and the marks used herein
More informationMANAGING CONCENTRATION RISK
MANAGING CONCENTRATION RISK Patrick Sickels Internal Auditor Jim Vilker VP of Professional Services CU*Answers Photo by Aurelie et Herve LEGAL DISCLAIMER The information contained in this presentation
More informationSummary of the thesis
Summary of the thesis Part I: backtesting will be different than live trading due to micro-structure games that can be played (often by high-frequency trading) which affect execution details. This might
More informationName: Preview. Use the word bank to fill in the missing letters. Some words may be used more than once. Circle any words you already know.
Preview. Use the word bank to fill in the missing letters. Some words may be used more than once. Circle any words you already know. Advance Organizer Banks, Credit & the Economy Preview. Use the word
More informationState of the Automotive Finance Market Fourth Quarter 2015
State of the Automotive Finance Market Fourth Quarter 2015 Melinda Zabritski Sr. Director Financial Solutions 2016 2015 Experian Information Solutions, Inc. Inc. All rights All rights reserved. reserved.
More informationBoost Collections and Recovery Results With Analytics
Boost Collections and Recovery Results With Analytics As delinquencies continue to rise, predictive analytics focus collections and recovery efforts to maximize returns and minimize loss Number 31 February
More informationCredit Union Lending Strategies and Trends
Credit Union Lending Strategies and Trends Table of Contents Lending Strategies and Trends Executive Summary...3 Introduction...5 Section One: Remote Lending...8 Indirect Lending...8 Internet Lending...9
More informationPopular Exit Strategies The Good, the Bad, and the Ugly
Popular Exit Strategies The Good, the Bad, and the Ugly A webcast presentation for the Market Technicians Association Presented by Chuck LeBeau Director of Analytics www.smartstops.net What we intend to
More informationTriad provides a full-service solution, as well as the following niche services:
Contact: Jessica Satterfield (940) 365-1586 Jessica@TheSatterfieldAgency.com Triad Financial now offers loan servicing for credit unions, finance companies, auto dealers and investors Clients save overhead
More informationTrends Report Alternative Financial Services Lending Trends Insights into the Industry and Its Consumers
Trends Report 2018 Alternative Financial Services Lending Trends Insights into the Industry and Its Consumers 2018 Alternative Financial Services Lending Trends Overview How subprime borrower behavior
More informationForeclosure INDIRECT LENDING: LITIGATION AND REGULATORY ISSUES
Foreclosure INDIRECT LENDING: LITIGATION AND REGULATORY ISSUES 2015 MCUL Lending & Marketing Conference Patricia Corkery, Esq. Holzman Corkery PLLC pcorkery@holzmanlaw.com 248-352-4340 ext. 238 BENEFITS
More informationState of the Automotive Finance Market A look at loans and leases in Q1 2016
State of the Automotive Finance Market A look at loans and leases in Q1 2016 Presented by: Melinda Zabritski Sr. Director, Financial Solutions www.experian.com/automotive 2016 Experian Information Solutions,
More informationState of the Automotive Finance Market Fourth Quarter 2013
State of the Automotive Finance Market Fourth Quarter 2013 Melinda Zabritski Sr. Director, Experian Automotive Experian and the marks used herein are service marks or registered trademarks of Experian
More informationMake Tax Season Great Again
PRESENTED BY: WILLIAM J. NEYLAN III, PRESIDENT/CEO TRS TAX MAX Online: www.taxmax.com Toll Free: 866-642-4107 BREAKING NEWS! Coming later in the presentation Who is Tax Max? Nationwide Company Started
More informationThe Loan Department Design That Produces More Loans
The Loan Department Design That Produces More Loans Heartland Credit Union Association Annual Convention Overland Park, KS October 7, 2017 By Brett Christensen, Owner CU Lending Advice, LLC brett@culendingadvice.com
More informationves a rue re i Credit Scoring: How it Works and How You Can Improve Your Score What Is Credit Scoring?
ves a Credit Scoring: How it Works and How You Can Improve Your Score rue re i Congratulations! By reading this publication you' ve taken the first step towards understanding and improving your credit
More informationMarriage and Money. January 2018
Marriage and Money January 2018 Introduction The broad discussion in many circles about the plight of the non-prime consumer often uses assumptions about how these consumers think, what matters to them,
More informationHow Much House Can You Afford?
03 4580 CH02 4/4/06 4:11 PM Page 15 How Much House Can You Afford? 2 Chapter In This Chapter Calculating your total income and monthly expenses Finding your appropriate price range or knowing how much
More informationModule 3: Debt Lesson Part 1
Module 3: Debt Lesson Part 1 Module 3: Debt Lesson Part 1 The Debt Stuff No One is Talking About The Lesson Blueprint What is Debt? Type of Debt Credit Scores What is Debt? Debt is ANYTHING you owe to
More informationCredit Unions: Turning Strong Member Relationships into Market Share
Whitepaper Credit Unions: Turning Strong Member Relationships into Market Share Contents 1 Introduction 2 Getting Started 2 The Top 10 LOS Must-Haves for Credit Unions Built-in Compliance Tools Flexibility
More information4 BIG REASONS YOU CAN T AFFORD TO IGNORE BUSINESS CREDIT!
SPECIAL REPORT: 4 BIG REASONS YOU CAN T AFFORD TO IGNORE BUSINESS CREDIT! Provided compliments of: 4 Big Reasons You Can t Afford To Ignore Business Credit Copyright 2012 All rights reserved. No part of
More informationState of the Automotive Finance Market Third Quarter 2015
State of the Automotive Finance Market Third Quarter 2015 Melinda Zabritski Sr. Director Financial Solutions 2015 2015 Experian Information Solutions, Inc. Inc. All rights All rights reserved. reserved.
More informationThe Equifax Economic and Credit Markets Outlook
The Equifax Economic and Credit Markets Outlook A CUNA Roundtable Amy Crews Cutts SVP- Chief Economist, Equifax May 15, 2014 Comments on the Economic Outlook General forecast is that economic growth accelerates
More informationturn the Fear of Losing Money
turn the Fear of Losing Money into a Winning Mindset The cave you fear to enter holds the treasure you seek. JOSEPH CAMPBELL In the case of the trader, money should be just a means of keeping score. It
More informationThe Cost of Misclassified Claims
The Cost of Misclassified Claims A certain simple mistake when classifying catastrophe claims, if it s repeated enough, can erode your company s retentions, deprive it of reinsurance recoveries, and even
More informationRETIREMENT CHALLENGES, SOLUTIONS & THE ROLE OF THE PLAN SPONSOR. (10/14) AXA Equitable Life Insurance Company (NY, NY)
RETIREMENT CHALLENGES, SOLUTIONS & THE ROLE OF THE PLAN SPONSOR GE-98387 1 (10/14) AXA Equitable Life Insurance Company (NY, NY) Evolution of US Retirement System 1875 American Express establishes 1 st
More informationPlanning a Confident Retirement: The Top 5 Mistakes that Wealthy Families Make
Planning a Confident Retirement: The Top 5 Mistakes that Wealthy Families Make Brown & Tedstrom, Inc. 2016 As most Baby Boomers approach their sixties, the prospect of retiring successfully has become
More informationKeith Reynolds, SVP Lending CEFCU
Keith Reynolds, SVP Lending CEFCU CEFCU - $5.5 Billion in Assets 20 Branches in Central Illinois 4 Branches in Metro San Jose, CA 320,000 Members, 870 Employees Loan Portfolio of $4B, 83% Loan-to-Share
More informationStrategies For Wealth Building
For many people who are struggling from month to month financially, even the term wealth building seems alien. Yet when people spend less than they receive and make good decisions, they can, slowly over
More informationAre today s market pressures reshaping credit risk?
Are today s market pressures reshaping credit risk? New study explores FICO Score trends in dynamic times and how lenders can respond Number 3 May 2008 In turbulent economic times, financial services firms
More informationManaging Your Finances
1 Presentation Notes: Part 1 Slide 1 Part I Planning for Financial Stability A seven step plan for a secure future Financial stability does not just happen. It takes a plan. We all want to have money when
More informationMortgage Origination Done Better: Improving Data Quality and Making Compliance Checks More Efficient and Effective With Automation
Presented by Sponsored by Mortgage Origination Done Better: Improving Data Quality and Making Compliance Checks More Efficient and Effective With Automation Digital loan origination processes can still
More informationCredit and Going into Debt A. What is credit?
Lesson 4 standards E.6.1 Explain the basic functions of money. E.6.2 Identify the composition of the money supply of the United States. E.6.3 Explain the roles of financial institutions. E.6.6 Explain
More informationPortfolio. to a High Growth. For Investors who HATE risk
7Simple Secrets Portfolio to a High Growth For Investors who HATE risk The Risk Myth The bigger the risk, the bigger the reward. The Truth The most successful investors have a strangle-hold on risk, and
More information35% 26% 57% 51% PROFILE. CIty of durham: Assets & opportunity ProfILe. key highlights. ABoUt the ProfILe ASSETS & OPPORTUNITY
CIty of durham: Assets & opportunity ProfILe ASSETS & OPPORTUNITY PROFILE key highlights 35% of Durham County households live in asset poverty Cities have long been thought of as places of opportunity
More informationState of the Automotive Finance Market
State of the Automotive Finance Market A look at loans and leases in Q4 2017 Presented by: Melinda Zabritski Sr. Director, Financial Solutions www.experian.com/automotive 2018 Experian Information Solutions,
More informationRemarks on the Housing Market and Subprime Lending. Remarks. Ben S. Bernanke. Chairman. (via satellite) to the International Monetary Conference
For release on delivery 8:15 a.m. EDT (2:15 p.m. local time) June 5, 2007 Remarks on the Housing Market and Subprime Lending Remarks By Ben S. Bernanke Chairman Board of Governors ofthe Federal Reserve
More information2017 Experian State of Lending. Who s Winning? Community Banks vs. Credit Unions
2017 Experian State of Lending Who s Winning? Community Banks vs. Credit Unions Community Banks & Credit Unions: By the Numbers Who s Winning the Lending Game? A look at Key Performance Health Metrics:
More informationWelcome to a Post-FICO World!
Welcome to a Post-FICO World! Consumer credit modeling relies on data and analytics that haven t changed in decades A smarter prime lender could approve almost twice as many borrowers and yet have fewer
More informationQuestions to Consider Before Extending Credit
Bank of America Merrill Lynch White Paper Questions to Consider Before Extending Credit Executive summary If your business is considering a credit program, it s important to start out with a firm understanding
More informationInvestor Presentation JUNE 2018
Investor Presentation JUNE 2018 Forward Looking Statements & Other Disclosure Matters Forward-Looking Statements - This presentation contains forward-looking statements within the meaning of the federal
More informationState of the Automotive Finance Market
State of the Automotive Finance Market Presented by: Melinda Zabritski Q4 2018 1 Experian Session overview Market Overview Outstanding balances Total risk distributions Delinquency Originations New and
More informationLending & Collections
December 6 2017 2017 CU*BASE is the premiere ASAP (Ask See Act Profit) toolset that provides everything you need right at your fingertips. Use these dashboards to analyze and mine your data for opportunities,
More informationWeathering the Storm: Rates, Recession, and Risk
Weathering the Storm: Rates, Recession, and Risk Presenters: Charles McQueen Ed Lis Greg Gibson President VP of Finance & Compliance Chief Financial Officer McQueen Financial Adv. First Choice Financial
More informationPresented by Ed Swanson Lending Solutions Consulting, Inc.
Presented by Ed Swanson Lending Solutions Consulting, Inc. Credit Bureau 101 When to pull a credit report Components of a credit report Key elements on the credit report 2 When to Pull a Credit Report
More informationFINANCIAL FOUNDATIONS
FINANCIAL FOUNDATIONS A Financial Beginnings Financial Education Program CREDIT Presenter's Guide Presented by Our Mission Financial Beginnings empowers youth and adults to take control of their financial
More informationHOW TO USE CREDIT. Latino Community Credit Union & the Latino Community Development Center.
HOW TO USE CREDIT Latino Community Credit Union & the Latino Community Development Center www.latinoccu.org Copyright 2016 Latino Community Credit Union Made possible by a generous contribution from the
More informationCredit Cards and Financial Health Member-Exclusive Report from CFSI s Consumer Financial Health Study
Credit Cards and Financial Health Member-Exclusive Report from CFSI s Consumer Financial Health Study We provide this CFSI Member Exclusive as a resource to create new products, calibrate existing ones,
More informationYour Core Retirement Decisions
Your Core Retirement Decisions UNDERSTANDING NEW PRESSURES YOU LL FACE IN RETIREMENT It s no surprise that baby boomers retirement confidence recently hit an all-time low less than a quarter are confident
More informationHow to Invest in the Real Estate Market
How to Invest in the Real Estate Market If you have the money to lend, then why not invest your money in the real estate market? You can use your money to buy properties way below the market value and
More informationUnique insights on the consumer credit market
Unique insights on the consumer credit market Highlights from the 2015 Experian Oliver Wyman Market Intelligence Report Experian and the marks used herein are service marks or registered trademarks of
More informationCDFI Credit Unions A Business Case for Community Development Finance. CDFI Institute February 28, 2017
CDFI Credit Unions A Business Case for Community Development Finance CDFI Institute February 28, 2017 What it means to be a CDFI? Community Development Key Products & Services Inclusive transaction services
More informationHow to Choose your Financial Adviser
How to Choose your Financial Adviser At Worldwide Advisers we always say that the first step to picking the right adviser for you is to understand that the world of financial advice, like the world of
More informationWhat you need to know about getting, using and keeping credit. A Guide to Credit* American Financial Services Association Education Foundation
A Guide to Credit* What you need to know about getting, American Financial Services Association Education Foundation www.afsaef.org www.gmacfs.com using and keeping credit *If you would like to receive
More informationCONSUMER CREDIT STARTER GUIDE
Atlantic Bay Mortgage Group CONSUMER CREDIT STARTER GUIDE Atlantic Bay Mortgage Group s Consumer Guide To Credit Scores & Home Financing Atlantic Bay Mortgage Is A Mortgage Lender Where The Genuine Care
More informationForex Trading Strategy 10 pips by Rob Booker
Forex Trading Strategy 10 pips by Rob Booker Contributed by Rob Booker Sun, 09 Dec 2007 04:58:53 MST Currency trading can be like running away from the bear. Trading forex offers more opportunity for fast
More informationLegends in Lending. Success Stories Shared.
Legends in Lending. Success Stories Shared. Panelists: Hilary Reed, Bucks First FCU Lisa Totaro, Sunmark FCU Alison Wolf, FAA CU Kristen Mashburn, Listerhill CU Brian Griffith, Gesa CU Hilary Reed VP/Marketing
More informationCall: or Visit us at: LaughlinUSA.com
Welcome We wanted to give our thanks in advance to the readers of this whitepaper who are moved to comment, share, blog or generally discuss the contents herein. We encourage you to reach out and share
More information2015 Performance Report Forex End Of Day Signals Set & Forget Forex Signals
2015 Performance Report Forex End Of Day Signals Set & Forget Forex Signals Main Site -> http://www.forexinvestinglive.com
More informationTHE COMMUNIQUE MARCH 2016
THE COMMUNIQUE MARCH 2016 MAJOR INDICES CLOSE MTD QTD YTD S&P 500 1932.23-0.41-5.47-5.47 Dow Jones Industrials 16516.50 0.31-5.21-5.21 NASDAQ Composite 4557.95-1.21-8.98-8.98 U.S. TREASURIES YEILD 5-yr
More informationResidential Lending "Changing Directions"
Residential Lending "Changing Directions" Community Banker Conference Andrew Olszowy Manager - Consumer Compliance Team October 25, 2007 Federal Reserve Bank of Boston 1 Residential Lending Then, Circa
More informationALL ABOUT INVESTING. Here is Dave s investing philosophy:
ALL ABOUT INVESTING Knowing how to deal with debt is easy pay it off! Investing, however, isn t quite so simple. Most people have questions about when and how to invest their money, so here s an inside
More informationMain Street Report Q4 2017
Q4 2017 1 About the report The Experian/Moody s Analytics Main Street Report brings deep insight into the overall financial well-being of the small-business landscape, as well as providing commentary around
More information2016 Wisconsin Real Estate and Economic Outlook Conference. October 13, 2016
2016 Wisconsin Real Estate and Economic Outlook Conference October 13, 2016 Legal Disclaimer The information presented in this presentation is for general information only, and is based on guidelines and
More informationhow to get the best personal loan
how to get the best personal loan (from a lender that isn t ruining people or planet) We don t live in a money society. We live in a credit society. To get even the smallest personal loan, you need a credit
More informationPuzzled By Pensions? Know Your Pension Rights A Guide to Auto-enrolment
Puzzled By Pensions? Know Your Pension Rights A Guide to Auto-enrolment Please note that this guide is intended to provide you with information only. Usdaw cannot provide you with independent financial
More informationINVESTMENT FUNDS. Your guide to getting started. Registered charity number
INVESTMENT FUNDS Your guide to getting started Registered charity number 268369 CONTENTS Introduction 3 Balancing risk and reward 4 Get to grips with asset allocation 6 Make the management decision 8 Go
More informationMaking Money & Maximizing Opportunities in the Loan Application
Making Money & Maximizing Opportunities in the Loan Application USING THE CU*BASE LOAN ORIGINATION SYSTEM TO PROCESS LOAN APPLICATIONS CU*BASE LENDING TOOLS WEBINAR SERIES #3 OF 8 Today s Agenda 2 Intro
More informationWorkbook 3. Borrowing Money
Workbook 3 Borrowing Money Copyright 2019 ABC Life Literacy Canada First published in 2011 by ABC Life Literacy Canada All rights reserved. ABC Life Literacy Canada gratefully thanks Founding Sponsor TD
More informationHow to Stay Relevant in a Disruptive Lending Environment
How to Stay Relevant in a Disruptive Lending Environment Don Arkell CU Lending Advice Friday, June 10, 2016 2:15 p.m. Lending Attitude Check The best lenders learn that lending is both an attitude and
More informationJust the Facts: Investing
Let s Start Today Just the Facts: Investing Inspired by 1. Are you ready to start investing? Find out. Take an inventory of where you are today. Protect yourself with savings in case you encounter: Losing
More informationfor Newcomers and New Canadians Module 2 How to Build Credit In Canada Student Workbook
for Newcomers and New Canadians Module 2 How to Build Credit In Canada Student Workbook Welcome! This workshop is about credit. Credit is buying something now, but paying for it later. Credit can be useful
More informationInterest: What Does It Mean? Part II
Slide 1 Interest: What Does It Mean? Part II We will be using this PowerPoint in conjunction with lessons we will be doing to increase your understanding of interest. Have you ever been confused about
More informationQuick Credit Repair Guide
1 Quick Credit Repair Guide Beacon score? You will most likely have heard of this bizarre term at some point during your home buying process and wondered what they meant and how they affect the mortgage
More informationAre You Prepared for the Next Generation of Problem Loans?? They May Already Reside on Your Balance Sheet!
2017 Georgia Banking School Troubled Assets Course 218 May 11, 2017 Are You Prepared for the Next Generation of Problem Loans?? They May Already Reside on Your Balance Sheet! J. Michael Allen, Senior Credit
More information2016 Annual Report. Helping people achieve their financial dreams.
2016 Annual Report Helping people achieve their financial dreams. Helping our Neighbors Like all credit unions, we were created with a philosophy of People Helping People. This means we have the pleasure
More informationImplementation Plan Your Keys to Success
Implementation Plan Your Keys to Success TO REACH YOUR PARTNER RELATIONS TEAM Email partnerrelations@greenpath.com or call 248-994-8705 www.greenpathref.com Thank you for partnering with GreenPath! Our
More informationThe Current Real Estate Finance Climate
The Current Real Estate Finance Climate Elizabeth J. Zook, Esq. Carruthers & Roth, P.A. (336) 478-1110 December 10, 2008 Residenti tial Housing Market Subprime Mortgage Crisis i Ongoing financial crisis
More information