Eric Weatherly, SVP Loan Administration at VyStar Credit Union (AKUVO investor), Jim Hunsanger, Chief Risk Officer at MSU Federal Credit Union (AKUVO investor), and Steve Castagna, COO at AKUVO, all joined us on the show to share their insights and experiences on today's state of delinquency and why credit unions need to be proactive in this area using data and technology.
Steve, Eric, and Jim started the conversation discussing the state of delinquency today -- as we never really saw the expected delinquency tidal wave during the pandemic. But, with today’s inflation, stimulus money ending, and next year's possible recession, these reasons and more may finally bring it on.
All three talked about how credit unions can be proactive and leverage data and today’s technology to get ahead of this looming trend -- and why it is significant for credit unions to be proactive in this area. (Jim and Eric provided examples of how they are being proactive -- as well as results from these efforts.)
We wrapped up this intriguing conversation with their thoughts on delinquency in 2023 and how they preparing for next year in this area.
Check it out and let us know your thoughts. And be sure to watch the entire episode below for all the details.
Mike Lawson, Host
Married to a beautiful and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple.