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

January 16, 2008

FOR IMMEDIATE RELEASE
Contact: Katye Long
CUNA Communications; (608) 231-4038
klong@cuna.coop

MADISON, Wis. – 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 at www.cunacouncils.org; select the “Shared White Papers” link located in the “Shared Council Content” drop-down menu and select the “Lending” tab for the affordable housing paper, or the “Tech” tab for the fringe technology paper. From there, non-members should follow the non-member link to order.

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About the CUNA Councils

The CUNA Councils are a national organization made up of more than 4,400 credit union professionals from across the United States. Run by and for credit union executives, the councils target their networking, information, and programs to key areas of credit union management, that make up the six councils: the CUNA Chief Financial Officers (CFO) Council; the CUNA Human Resources, Training and Development (HR/TD) Council; the CUNA Lending Council; the CUNA Marketing and Business Development Council; the CUNA Operations, Sales and Service (OpSS) Council; and the CUNA Technology Council. For more information, go to www.cunacouncils.org.

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