Developing Lending Strategies for 2016?
This very comprehensive article looks at how the improving economy and slowly-rising interest rates should impact your lending strategies. For example, skyrocketing student loan debt has kept many Millennials from purchasing a home, but as their earnings improve credit unions need to be ready to meet that pent up demand. This means developing strategies to compete in the home purchase market versus the refi market and a plan to address the needs of low-income borrowers and borrowers with credit challenges. [1/27/16]