ALEXANDRIA, Va. (Oct. 23rd, 2015) –Consumer lending is more challenging for many financial institutions; requiring unique methods to generate loan volume and tap into underserved markets. This is especially so for auto lending, where credit unions compete with zero percent dealer financing and other specialty lenders. The webinar, “Automobile Lending,” hosted by the National Credit Union Administration, will explore suggestions to help credit unions grow this segment of their loan portfolio.
This 90-minute webinar will be held Wednesday, Nov. 18, beginning at 2 p.m. Eastern. Online registration is available here. Participants will use this same link to log into the webinar. Registrants should allow pop-ups from this website. There is no charge for the webinar.
Dominic Carullo, an economic development specialist with NCUA’s Office of Small Credit Union Initiatives, hosts a panel of experts: Jack Jordan, chief lending officer, Velocity Credit Union, and John J. Flynn, CEO, Open Lending, LLC, as they discuss topics that include:
• Harvesting auto refinance loans from the field of membership; • Building automobile loan volume with loans to members with lower credit scores; • Optimizing the value of each loan application; • Earning higher yields from non-prime borrowers; • Managing the risk of non-prime loans, and much more.
Participants may submit questions in advance at WebinarQuestions@ncua.gov. The subject line of the email should read, “Automobile Lending.” Participants with technical questions about accessing the webinar may email email@example.com. This webinar will be closed captioned and then archived online here approximately three weeks following the live event.
NCUA’s Office of Small Credit Union Initiatives fosters credit union development and the effective delivery of financial services for small credit unions, new credit unions, minority depository institutions and credit unions with a low-income designation.
NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 101 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. At MyCreditUnion.gov and Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues.