Two New White Papers Address Creating Affordable Housing and Utilizing Fringe Technologies

CUNA Councils
January 16, 2008 | COMMENTS

Learn about the innovative credit union lending programs that are helping rescue some borrowers from the subprime mortgage fiasco and simultaneously making housing more affordable to lower-income families in the first of two new white papers from the CUNA Councils.

“Affordable Housing,” sponsored by the CUNA Lending Council, is divided into two sections. The first overviews the causes of the subprime mortgage problem, its negative effects on certain borrowers, and how credit unions are responding with “Refi Rescue” programs. The second offers a number of innovative solutions that credit unions are implementing to help lower-income families achieve homeownership through financially sound mortgage products.

The second new white paper, entitled “Technology on the Fringe,” explores innovation that has reached public attention but has yet to gain widespread acceptance and use. This CUNA Technology Council-sponsored white paper also examines some of the revolutionary tools that credit unions are adopting to liberate members more, empower them with knowledge, and give them a higher degree of protection. This list includes remote deposit capture, multifunctional mobile banking, and online financial budgeting and management tools. Case studies exploring how credit unions are using fringe technologies to gain a competitive edge and more effectively serve employees and members are included.

CUNA Council members are entitled to complimentary copies of these white papers; non-members may purchase the white papers for a price of $50 per copy.

The papers are available online in the white paper section of each council site - select the “Lending” tab for the affordable housing paper, or the “Tech” tab for the fringe technology paper.