LEVERAGE Partners with PassTime GPS as its preferred GPS vendor

LEVERAGE, the service corporation of the League of Southeastern Credit Unions & Affiliates (LSCU), which equips credit union partners with products and services to fulfill day-to-day needs, announced today that it has named PassTime GPS as its preferred GPS provider. PassTime is the industry leader in high-tech GPS tracking and automated collection technology solutions for […]

Is SBA Lending Right for our Credit Union?

Credit unions expanding into commercial lending have experienced varying degrees of success during the past several years. LEVERAGE, a wholly owned subsidiary of the League of Southeastern Credit Unions, has been developing programs to improve performance for commercial lending or member business loans.  Following an in-depth analysis of the commercial lending space, it was determined […]

CUACG provides protection in wake of Wells Fargo scandal

Sen. Richard Shelby, R-AL, chairman of the Senate Banking Committee, decided Monday to hold committee hearings to determine from Wells Fargo how more than 2 million credit card and bank accounts were opened in the names of customers. Since 2011, Wells Fargo employees have set up credit cards without customers’ consent resulting in fines of […]

Non-interest income sources rising for credit unions

Non-interest income sources continue to emerge within the credit union industry with limited options for income reporting and composition on the 5300 Call Report.  Earlier this summer, Callahan & Associates surveyed 170 credit union executives from 40 states to gain insight into their current and emerging sources of non-interest income. The Non-Interest Income survey focused […]

Vining Sparks talks auto loan trends

During the last five years, credit unions have seen overall loan growth averaging 4%, while vehicle portfolios have more than doubled that amount. Vehicle balances now make up 38% of credit union loan portfolios resulting in a more than $100 billion increase on balance sheets. The vast majority of this growth comes through indirect channels […]

Vendor Management: A fit solution for every credit union

Credit unions are under increased pressure to find ways to better manage third-party vendor relationships. To maintain compliance, credit unions need to have systems in place to ensure that they meet standards for managing their third-party agreements. A sound contract management system will provide peace-of-mind when preparing for your next exam, without draining the vital […]