As COVID-19 was causing widespread panic throughout United States, businesses were shuttered, threatening the financial security of our members. Answering the call, Credit Unions jumped into action aiding members. The NCUA and other regulatory bodies also jumped into action. On March 22, 2020, a memo was released suggesting widespread regulatory…
Alan VeitengruberSeptember 4, 2020
The Federal Reserve decided to cut interest rates by 0.25 bps for a third time this year, a significant deviation from last year’s projections. As of September 2018 the fed funds actual range was between 2% and 2.25%. At that time, the median projection of benchmark rates from the Federal…
Alan VeitengruberNovember 8, 2019
When done well, indirect lending can be an important and profitable source of growth for your auto portfolio. However, if done improperly, you might wind up making more truck loans, without the corresponding truckload of money you think they are delivering. Without proper oversight, indirect lending can have tight margins…
Alan VeitengruberJuly 10, 2018