Asset Quality

Aarthi Swaminathan reports in an August 8, 2019 article in finance.yahoo.com that student loans are adversely impacting the lives of young people.

Student loans for many Americans will hamper their ability to afford large purchase items such as autos and homes far into the future. Credit unions will need to carefully assess the risk in loaning to consumers who carry student debt – especially low-income consumers.

An August 5, 2019 article in bankrate.com, written by Mary Wisienski, reports that young Americans still like branches to transact income-generating banking business like loan applications, mortgages, etc.

Financial institutions may need to reconsider cutting back on their brick and mortar branches if they wish to maintain a competitive edge with consumers.

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