Managing Liquidity Constraints at Small Credit Unions Part 1

Host Vince Passione is joined by Dee Edie, President and CEO of Pine Bluff Cotton Belt Federal Credit Union; Tanya Romero-Sturgeon, President and CEO of Guadalupe Credit Union; and Tyler Valentine, President and CEO of StagePoint Federal Credit Union for a 3-part series. In this first episode, they discuss strategies for dealing with economic challenges.Key Takeaways:(02:12) Collaborative discussions help guide credit union strategy and decision-making.(04:22) Getting creative with new emergency loan products aided members impacted by natural disasters.(08:05) Monitoring used vehicle values prompted an adjustment in indirect auto lending practices.(11:55) Serving low-income members is focused on financial education and counseling.(13:33) Deposit growth funding facilitated lending to underserved communities.(17:39) Deposit growth strategy is as critical as lending strategy.(18:30) Deposit pricing strategies aim to retain core deposits.Resources Mentioned:Tanya Romero-Sturgeon - https://www.linkedin.com/in/tanya-romero-9aa33b91/Tyler Valentine - https://www.linkedin.com/in/tyler-valentine-wyo/Pine Bluff Cotton Belt Federal Credit Union - https://www.pbcbcu.org/accountsGuadalupe Credit Union - https://www.guadalupecu.org/StagePoint Federal Credit Union - https://www.stagepointfcu.com/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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