Universal 1 Credit Union’s Post

More than 100 credit unions in Ohio and West Virginia have partnered with other credit unions nationwide to provide members better and more convenient access to their accounts and money. They proudly belong to the Shared Branching network, a national network of credit unions that allows members of other credit unions to use their branches to conduct basic teller transactions. Download the Shared Branch Locator App today at www.sharedbranching.org. #SharedBranching #CoOp #SBAwarenessWeek

Discussing Our ENQ Success Rates for Wipe Credit Clean! 🌟🧼 In the last six months, we've successfully removed inquiries from the following companies, helping consumers and brokers who might have unknowingly damaged their credit reports by applying for finance repeatedly or through quick cash lenders. Many consumers are declined due to too many inquiries in a short period or by inquiring through the wrong lender. Here are our success rates: Consumer Lenders: - Cash Converters: 25% - Fair Go Finance: 90% - Zip: 80% - Harmony: 99% - Swoosh: 30% - MoneyMe: 70% - Deferit: 80% - Latitude: 20% - Westpac: 25% - Toyota: 60% - ANZ: 50% - Citibank: 80% Commercial Lenders: - Shift: 50% - Get Capital: 70% - Pepper: 40% - On Deck: 20% - Biz Cap: 20% If you have a client who is struggling with the impact of multiple inquiries on their credit report, please don't hesitate to refer them to us. We only charge for successful removals! These figures underscore the importance of proper credit management and the benefits of professional assistance in maintaining a healthy credit report. admin@wipecreditclean.com.au Phone: 07 5607 6745 | 0479 024 202   #enqremoval #badcredit

The primary purposes of a credit union is to create value for its membership. But how much value are your members receiving if they aren’t using the credit union’s products and services? Most credit unions struggle with product and service penetration. Often this is the case because they try to drive product penetration by developing outstanding products and services, marketing, and promotional offer, instead of addressing the real issue… To increase product penetration, credit unions need to improve sales. The primary sales asset of a credit union is still the front-line staff. In this training we discuss how your credit union can improve sales and inspire your front line to drive product penetration in areas such as lending, checking, and credit cards. Register for the training below: https://lnkd.in/gZ4AVDVQ #salescu #productpenetration #creditunionsales

Open Lending’s Matt Roe recently joined NAFCU (National Association of Federally-Insured Credit Unions) to discuss the trends and data uncovered in our near- and non-prime consumer report. I walked away from listening to the episode energized by the opportunity to help lenders reduce barriers to vehicle ownership for underserved segments, starting with their lending enablement solution. Listen to the episode here, and let me know your biggest takeaways: https://lnkd.in/gFaDsKBE

🚨 Seeking Certainty?🚨 Navigating bankruptcy cases can be a daunting challenge for any team, leading to compliance issues, high servicing costs, and prolonged auction hold times. In the bustling headquarters of a major bank's auto division, CEO Sarah and Head of Servicing Alex faced this exact situation. Read on: https://lnkd.in/gcmRVh4E

What do Credit Unions Need to Know About the Current Regulatory Focus on Fair Lending? Credit Unions play a critical role in providing accessible credit to millions of Americans. By partnering with fintech innovators like Happy Money, they can expand their reach and leverage cutting-edge technology to deliver more opportunity than ever before. Yet with increased attention from regulators, it’s vital for Credit Unions to ensure their lending practices are both innovative and compliant. I had the pleasure of joining Mike Lawson at CUBroadcast, along with our partner, Happy Money’s VP of Risk and Analytics, Imon Chatterjee, to discuss the regulatory spotlight on Fair Lending. We covered key topics, including the importance of fairness monitoring and how Credit Unions can search for Less Discriminatory Alternatives to their lending practices. If you’re a Credit Union Leader looking to stay ahead of compliance requirements while serving your members, don't miss this episode! At FairPlay, we're committed to providing credit unions with the tools and expertise needed to thrive in this new era of fair lending. Curious about how our software can help your credit union stay compliant and expand access to credit? Let's connect! P.S. A special shoutout to Jason Altieri, Happy Money’s former general counsel, who believed in FairPlay when we were literally just two guys in a garage. Jason’s belief in our mission of extending fair and transparent credit helped us grow from a two-person operation to the category leader we are today. We’ve come a long way—and the journey continues! https://lnkd.in/ercGrJqu

Credit Unions are facing stiff competition in the market with credit availability lower than it was two years ago. But there's hope! Credit Unions that have implemented PASSTIME GPS Collection Technology credit risk program are growing their membership base by offering under-banked consumers a solution that improves loan performance and reduces collection cost-loss. These type of credit tiers bring higher interest rates which protect Credit Unions in the event of delinquency/loss. By helping dealers work with higher-risk borrowers, Credit Unions can leverage their business relationships to capture prime business. Cross-sell benefit: First-time buyers getting a loan from a Credit Union over time become long-term members that utilize more credit products offered by Credit Unions. Interested in learning more? Contact kcarr@passtimegps.com to discover the GPS Collection Technology solution dedicated to Credit Unions and Finance Companies. Source: Auto Finance News

My last post I showed the recap on deposit and loan growth for both Banks and Credit Unions in 2Q 2024. Below is the breakout by asset size on deposit performance. Banks between $1B - $10B was the only tier with positive deposit growth. Two of the top Credit Union tiers experienced deposit growth, while all the other tiers had flat to negative Quarter-Over-Quarter growth. My next post will highlight the loan performance for the quarter, you'll want to see how different a story it was for both Banks and Credit Unions!

Past credit challenges can impact your customer's long-term property goals, especially when dealing with a bank. At Bluestone we consider defaults and judgments in our assessment, helping you get your customers back on track and in a home. Talk to your BDM about your #NonStandard customers today. Luke Roberts Michael Kinley Tony MacRae #BluestoneHomeLoans #BluestoneNZ #NonStandardLoans #NonStandardLending #NonBankNZ #CreditImpairedLending #CreditImpaired

Client Update: 294 points increase across all bureaus‼️🐐 Client in now a member of 700 club♣️ Sign up now✅ Comment "RESTORE" below if you are ready to get started on your credit journey. #creditrepair #creditcards #collections #goodcredit #badcredit #latepayments #CreditRestoration #FinancialFreedom #RestoreYourCredit  #CreditScore #CreditRepair #BCWCredit