Driving growth through member-centric lending

22 Minutes in Lending: Conversations about Credit Unions, Fintech, and Future of Finance

Jul 01, 2024•20 min•Season 2Ep. 3

--:--

Listen in podcast apps:

Listen to this episode in Metacast mobile app

Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more

Episode description

On this episode, host Vince Passione talks mortgage lending, consumer behaviors, credit-building and financial wellness with Richard Wada, Chief Lending Officer of Patelco Credit Union.

Key takeaways:

0:00 - Intro

1:12 - Patelco Credit Union overview

1:59 - The value of diversifying a loan portfolio.

4:35 - Challenges and changes of mortgage books in a high-rate environment

7:56 - How partnerships can help credit unions scale loans outside of traditional lending parameters

10:21 - How Patelco is skewing younger on new members

13:09 - The importance and value of creating credit union products that incentivize good financial behaviors and improve financial wellbeing

15:51 - Shifts in managing transactional accounts to maximize member engagement

17:53 - The most critical marketing lesson for credit unions.

Resources Mentioned:

https://www.patelco.org Patelco Credit Union

https://www.calhfa.ca.gov California Finance Housing Authority

https://www.mycumortgage.com myCUmortgage

https://www.patelco.org/credit-cards-and-loans/personal-loans ScoreUp

Thanks for listening to the 22 Minutes in Lending podcast. If you enjoyed this episode, please leave a 5-star review to help get the word out about the show and be sure to subscribe so you never miss another insightful conversation.

#CreditUnions #Lending #HomeLoans #Mortgages

For the best experience, listen in Metacast app for iOS or Android

Open in Metacast