Competing for Funds in a Rising Rate Era

On this episode, host Vince Passione interviews Benson Bolling, Chief Lending Officer of Alabama Credit Union, about the state of lending and current economic trends. Benson provides perspective on lending’s key topics including rising auto loan payments, dropping used car values and increasing consumer budget strain. He talks about commercial real estate concentration risk limits and the uncertainty in retail and office spaces. Benson warns of liquidity challenges as rates rise but sees relationship banking as an advantage. Key Takeaways:[00:38] Alabama Credit Union: background and growth strategy. [05:00] How indirect auto loans are driving growth, with potential value declines ahead.[08:22] Limiting commercial real estate exposure amid sector uncertainty.[14:55] Anticipating Fed rate cuts next year.[20:20] Relationship banking aids liquidity despite deposit competition.[21:13] Underwriting prudently for expected delinquency increases.Resources Mentioned:Benson Bolling - https://www.linkedin.com/in/benson-bolling-10a08277/Alabama Credit Union - https://www.linkedin.com/company/alabama-credit-union/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.#CreditUnion #Lending #Fintech

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