Lending Perspectives: Is your auto lending strategy ‘COVID-19 proof’?

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Last month I shared with my readers several reasons why I believe that the COVID-19 recession is very much different than the Great Recession. Since the Great Recession is still fresh on most everyone’s mind, it’s natural to try to draw parallels between it and our COVID-19 recession. Yet in most cases, it’s hard to learn much from the Great Recession and apply it our critical business decisions right now.A major chunk of the credit union industry’s business is in auto loans. Last month I shared several things that are quite different in 2020 than in 2009 as it pertains to projecting loan losses. Let’s forget loan losses for now and focus on keeping our businesses growing. From that perspective, there also are a lot of things that are different now than they were in 2009.Financial Market StabilityI recall all too well a conference call Ent Credit Union had with its asset-liability advisor in February 2009. The financial markets were, in a word, dysfunctional. Uncertainty about loan performance and the overall economy had scared off investors in auto loans—so much so that the market was demanding returns of upwards of 16% on a prime pool of loans. This is placeholder text continue reading »center_img This post is currently collecting data…last_img read more

N’Zealand Goalkeeper Among Victim of Christchurch Terror Attack

first_imgThe two mass shootings at mosques in the New Zealand city left 49 dead.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram New Zealand’s futsal goalkeeper, Atta Elayyan, was among the victims of the terrorist attack in Christchurch, it has been reported.The 33 year-old player for the national and Canterbury men’s futsal team was shot by the gunman as he prayed at a mosque in the city,Elayyan, who was born in Kuwait, recently became a father and was a popular member of the Christchurch tech industry, it has been reported in New Zealand.last_img

Floyd Mayweather defends decision to face Andre Berto over Amir Khan

first_imgFloyd Mayweather says Andre Berto will be “no pushover” and has defended his decision not to face British welterweight Amir Khan.Mayweather (48-0-KO26) faces his fellow American at the MGM Grand Garden Arena on Saturday and has vowed to call time on his outstanding 19-year professional career following their bout in Las Vegas.The unbeaten 38-year-old, who has held world titles in five separate weight divisions, has faced criticism for choosing to face Berto (30-3-KO23) in his final fight.IBF world welterweight champion Kell Brook accused Mayweather of “playing it safe”, while Khan has continually spoken of his frustration at being overlooked for a clash with the American. Brook and his fellow Brit Khan were among the candidates touted as potential opponents for Mayweather following his unanimous points decision victory over Manny Pacquiao in May.Mayweather, however, has defended his choice of opponent and even claimed there is no difference between the credentials of Berto and Khan.  “Berto is not a pushover, but no matter who I chose, the media was going to have something to say. The critics were going to have something to say. He’s no different from Amir Khan,” he said. “Amir Khan has three losses and Berto has three losses. He’s a two-time world champion just like Amir Khan. Virgil Hunter (Berto’s trainer) is a remarkable trainer and he’s done remarkable things with Andre Ward’s career. “I know what it takes to win a fight of this magnitude. So no matter what anyone says, it comes down to the two competitors and I know what I can do. One thing I can do is fight.”If Mayweather overcomes Berto (right, pictured), he will equal former heavyweight world champion Rocky Marciano’s record of 49-0.  But Mayweather insists there is no chance of complacency creeping into his psyche as he prepares for his boxing curtain call.  “19 years, and I reflect back on my career. I can’t just say I’m going out 49-0, as you can never overlook anyone,” he added. “Did I push myself in this camp? Absolutely. All 48 fights played a major key. It’s not just the intelligence, it’s the sharp mind, it’s the good chin and it’s the tremendous heart. –Follow Joy Sports on Twitter: @Joy997FM. Our hashtag is #JoySportslast_img read more