CUNA- New Economy Lending Webinar

Recent workforce statistics estimate that approximately 36% of Americans are employed in the “Gig Economy”. Historically, credit unions have provided lending services to wage earners that are associated with a specific employer group. The roots of credit union membership are tied to traditional employers.

The workforce of today looks dramatically different than when your credit union was founded. Across generational boundaries, borrowers are straddled with student loan debt. Don Arkell will cover the following topics and more to help you navigate the lending landscape of the “Gig Economy” which includes:

• Defining the gig economy
• Understanding traditional lending metric shortcomings
• Identifying income verification traps
• Reviewing alternative lending data
• Knowing how the sharing economy is putting your auto portfolio at risk

Who Should Attend

This webinar is beneficial for lenders of all experience levels, as well as those who aspire to be future credit union lenders will benefit from the information shared during this webinar. Lending operations and support staff along with lending compliance personnel will also find value in attending this webinar.