Top 3 collections industry trends impacting credit unions in 2023
Following three years of pandemic-related disruptions, it’s likely no surprise that the collections industry is poised for even more change in 2023.
Source: cuinsight.com
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Delinquencies darken the horizon for credit unions. Is yours prepared?
In their Q2 report, Historically Low Delinquency Rates Coming to an End, economists at the Federal Reserve Bank of New York made the following
Source: cuinsight.com
Are labor market forces stretching your collections team too thin?
In his Q3 Economic Outlook for Financial Institutions, SWBC’s Chief Economist, Blake Hastings, provided the following insights on deteriorating member
Source: cuinsight.com
Rising delinquencies among younger generations require modern collections strategies
We live in a time in which more generations are working side-by-side in the workplace than at any point in history. From Gen X to Baby Boomers, we’ve all
Source: cuinsight.com