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LenderHub

SWBC's LenderHub blog is a one-stop resource for lenders.

 

How to Capture Your Share of the Auto Loan Market

In my previous blog post, I discussed how COVID-19 is impacting the auto lending industry. While industry analysts were not expecting 2020 to be a record year, with the widespread outbreak of COVID-19 in March, vehicle sales effectively dropped off a cliff, reaching their worst level, based on a seasonally adjusted rate since March 2010, during the Great Recession. Today, I want to provide some specific strategies your financial institution can deploy in order to supplement auto loan originations and increase loan volume.

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Wither The Coin of the Realm

The mighty U.S. Dollar, the coin of the realm (where the “realm” is the entire world), appears shaky for the first time in a long time. Replacements like the Euro, Yen, or crypto are periodically offered up (forget the Chinese Yuan, as it is not even a freely-floating, deliverable currency). At the end of the day, just about anything vital and strategic that a nation needs trades in U.S. Dollars. The USD, as measured by The Federal Reserve Trade Weighted Nominal Broad Dollar Index, has swooned 7.2% since March 23rd of this year. During that same time, gold has hit new all-time highs and has increased 25%.

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Relationship Building During the Pandemic

We are living in some very uncertain times; things are literally changing from minute to minute in our world due to the coronavirus pandemic. It can often feel as though you are not sure which way is up and which way is down. As a professional relationship builder, I have experienced this feeling nearly every single day in recent months.

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3 Questions with SWBC Financial Institution Group's Mark Hein

Recently, SWBC Financial Institution Group’s CEO, Mark Hein, sat down with Lauren Culp, publisher and CEO of CU Insight to discuss how SWBC is helping credit unions and their members during these unprecedented times.

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Vulnerable

The discovery of the coronavirus, now named COVID-19, last month in Wuhan, China, and its subsequent spread out of China and around the world has caused great uneasiness and alarm.  On Tuesday, the US Centers for Disease Control and Prevention warned Americans to prepare for a coronavirus outbreak at home that could lead to significant disruptions of daily life, since hitting an all-time high last Wednesday, the S&P 500 has fallen 13% while the 10-year Treasury yield has fallen to a new all-time low of 1.17%. 

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Credit Union Industry Stats and Performance Trends: Q4 2018

I look forward to CUDATA.COM’s statistics and trends report each quarter. It gives our team insights into what our industry is experiencing and how that will impact our clients and their members. 2018 ended on a high note, and we are seeing a strong start to 2019. Here are some notable KPIs from the report:

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Disintermediation: Time to End the Conversation

Disintermediation is a very sophisticated-sounding word that we might feel smart for using but is one that I think should be retired from the lexicon of the retail investment program space. I can share data and personal success stories proving that not only can financial institutions and investment programs peacefully co-exist, but investment programs actually provide a tremendous benefit to banks and credit unions. If you still aren’t quite convinced, you need only consider the huge impact the baby boomer generation will have on your business.

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The 5 Most Popular LenderHub Blog Posts from 2015

It's hard to believe that 2015 is coming to a close, and that in a few days, we will be kicking off a new year. It's been a great year for us here on the LenderHub, and we hope that you have enjoyed reading our content as much as we have enjoyed writing and sharing it with you. In case you missed any of our posts, here is a recap of our five most popular posts from 2015. Enjoy!

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3 Things Every Credit Union Should Know About Benefits Pre-funding

To say that employers have had a difficult task in planning for employee health benefits is an understatement. Between the landmark passage of the Affordable Care Act, the increasing costs of benefits, and the residual effects of a recession, today’s health care spectrum has become riddled with complexities and unprecedented challenges.

Like many other employers, credit unions aren’t immune to these economic concerns, specifically the rising costs of benefits. According to a survey by the Kaiser Family Foundation and Health Research and Education Trust, the average annual premium for employer-provided family health care coverage in 2014 was $16,834, which is about 69% higher than the average of $9,950 from 2004. Not to mention, these increasing costs are being aggravated by another challenge: falling investment returns.

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Blended Learning: The Evolution of the Classroom

Before the Internet forever changed civilization, the only way to complete a course or receive training was in the classroom—also known as traditional learning.

Over the years, the landscape of learning has dramatically evolved, with technology enabling us to learn anytime, anywhere from a computer or a mobile device. As a result, blended learning programs were born, allowing us to create meaningful, real-world learning processes for all types of learners.

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