More consumers are looking to access loans during the pandemic, but some lack the credit histories needed to obtain them. Credit unions can step up, however, by relying on more than traditional-scoring metrics when making lending decisions, says Eric Levine, CEO of Alternatives Federal Credit...
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Between wildfires, hurricanes, civil unrest and an international pandemic, running a credit union (CU) in 2020 has been all about reacting to rapid, radical and sometimes unexpected shifts in members’ behavior, experts told Karen Webster in PYMNTS’ latest “On The Agenda” discussion. Get the Full Story...
If we take only one lesson away from 2020, it’s that disasters are going to happen. However, knowing what form those disasters will take and when they will occur is virtually impossible. A year ago, no one would have predicted that the United States would...
The idea of offering digital services was hardly new to credit unions (CUs) before the pandemic, but the outbreak provided “the why” for going all-in, Dr. Kathy Snider, senior vice president and group leader of Engage products at CO-OP Financial Services, told PYMNTS. Get the...
Microbusinesses, from food trucks to housepainters, tend to be sole proprietorships pulling in $250,000 to $1 million per year top-line. In the developing world, financing microbusiness is big business, and that’s happening with the estimated 30 million U.S. microbusinesses as well. Get the Full Story...
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The pandemic-related downturn is threatening microbusinesses’ very survival, with many turning to credit unions to seek assistance, says Andrea Mosher, senior vice president of lending at Lake Trust Credit Union. In the latest Credit Union Tracker, Mosher explains how remote check capture and digital payroll...
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