Lorrie Wohlfeil

Jul 3, 2024 | cuinsight.com | Lorrie Wohlfeil

Inflation has hit a number of consumers and has subsequently hit your members hard. Credit card debt has increased. Rent has increased. Daycare has increased. Grocery costs have increased. And in a rising rate environment, loan payments have increased. Where does that leave us, and how can we help, being sure not to add to the problem? This article will discuss early warning signs and how to respond. Many members are not going to come out and directly tell us they are struggling.

May 23, 2024 | cuinsight.com | Lorrie Wohlfeil

In a time of unprecedented inflation, it is critical for lenders, interviewers, and loan officers to identify a problem before anyone else, especially before your members. The art of interviewing and subsequent strong loan decisions resides in these pesky but prominent three-digit score codes listed on the credit report. It is important to understand what these codes are telling us and how they should drive most of the interviewers’ conversations with your members.

Apr 23, 2024 | cuinsight.com | Randy Ralston |DaLand CUSO |Tracie Kenyon |Lorrie Wohlfeil

The Federal Communications Commission (FCC) should reject a request to require an automated opt-out mechanism on every call with an artificial or prerecorded message, including those made to cell phones, America’s Credit Unions and other organizations wrote in comments filed with the FCC.

Apr 23, 2024 | cuinsight.com | Tracie Kenyon |Lorrie Wohlfeil |Lauren Culp |Carrie Hunt

Renowned songwriter Paul Simon has gifted us with a plethora of memorable lines throughout his illustrious career, ranging from the haunting “hello darkness my old friend” to the enigmatic “people say she’s crazy, she’s got diamonds on the soles of her shoes.” Over nearly seven decades, his body of work has captivated many, including myself, often prompting deep reflection on the profound themes within his lyrics, which can offer valuable insights for leadership.

Apr 23, 2024 | cuinsight.com | Lorrie Wohlfeil |Carrie Hunt |Mike Gross |Lauren Culp

With many credit unions facing liquidity woes, they are left with having to pay for much needed money to lend. As a result, the significance of yield on loans has never been more critical. How do you keep lending when you must pay for the money yourself? It is a compelling question with an easy answer.