by Curt Belaney | Aug 23, 2021 | Account Acquisition, Auto Loan Growth
Most credit unions are flush with deposits and need to deploy these funds through creative loan production. Used car sales and prices are exploding and consumers are benefiting from their vehicles not depreciating in value. Credit unions are more likely to refinance...
by Craig Simmers | Jul 20, 2021 | Account Acquisition, Auto Loan Growth
In 2000, Stellar Strategic Group was founded to assist banks and credit unions acquire new checking customers with the goal of driving low-cost core deposits. Today, I feel somewhat conflicted given the market that exists 20 years later. For the bulk of the time we’ve...
by Curt Belaney | Jul 20, 2021 | Auto Loan Growth
The country is reopening in ways many of us have been eagerly waiting for since the spring of 2020. Many credit unions are realizing the elusive return to “normal” is nothing more than a fantasy. The tangible impact of the pandemic is forcing most to reevaluate their...
by George Monnier | May 5, 2021 | Auto Loan Growth
We have all seen the news. The pandemic has disrupted the supply chains for many lines of business this past year. One such line of business is new automobile manufacturing. Today’s new vehicles use many of the same semiconductor chips that are used in other...
by George Monnier | Apr 12, 2021 | Auto Loan Growth
View Newsletter as a PDF Most credit unions have made changes to their field of membership in recent years, to help consumers in their market financially. Many have been approved to expand their footprint through community charters, to help serve the underserved, or...
by Craig Simmers | Apr 12, 2021 | Auto Loan Growth
View Newsletter as a PDF Over the past 20 years of working with community banks and credit unions, we have witnessed first-hand how high-performing institutions adapt to improve their marketing efforts. The #1 trait these institutions have is a persistency and...
