Offering Financial Counseling Benefits Credit Unions
Ann Solomon writes, in a November 5, 2019 article in cujournal.com, that offering financial counseling benefits members as well as the community. It benefits those credit unions that offer such services as well. She writes there is a perceivable return on investment.
Credit unions need to be sure that there are direct or indirect returns on investment for all services and products offered. Management tools are needed that can reasonably show which services (or members), are being subsidized by other services (members). This is particularly true of major services such as loans.
TCT Risk Solutions provides its clients with one of the best methods for pricing risk and unique expenses into every individual borrower’s loan with its Risk Based Loan Pricing tool.