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Advocacy & Education CUcorp Networking News & Publications Resources & Services
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| 15800 North Haggerty Road •
Plymouth, Michigan 48170 • Phone: 800.262.6285 • FAX: 734.420.1540 Copyright 2003, Michigan Credit Union League |
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With the maturation of Generations "X" and "Y" into key borrowing years, member segmentation will be critical to attraction and retention. 
The majority of loans that credit unions make are secured by an asset owned by the member. With the exception of share secured loans, documents relating to the liens need to be filed with public officials in order for the lien to be fully enforceable, especially with respect to third parties. 
Not too long ago, an instant loan was an impossibility. Today, it's an expectation. Members used to think nothing of waiting a few days for a loan decision. Today, a wait of a few minutes is unacceptable for many members. 
Credit unions, both as holders of member accounts and as employers, have to periodically deal with garnishments and levies. 
Find common questions and get the answers on Mortgage Foreclosure.