The economic crunch, especially here in Michigan, has created some discomfort for folks, to put it lightly. Not a day goes by without at least one nugget of economic reporting that isn't a little unsettling. And so, it stands to reason that the area of collections is (and will continue to grow to be more so) an important consideration for credit unions.
We hope you'll take advantage of the amazing communication and collaboration opportunities represented by CU Campus as you work to deal with this turbulence. One truly great resource at your disposal is our Collections Community Leader and collections expert, Steve Peterson.
Steve has already started blogging on effective collections techniques here on CU Campus. Be sure to visit his pages often, and also, use this group to rely on each other's advice and expertise.
Has the bad economic news in Michigan and across the nation (and world!) had an impact on your credit union? How are you dealing with delinquency, etc.?
Share your thoughts -- it's sure to help!
Keywords: collections, lending, steve peterson, training