MADISON, Wis.–Filene will host a webinar today on ITIN lending. The session is set to begin at 12 ET.
“Membership growth and driving loan revenue continues to be top priorities for many credit unions. An aging membership with less need for loans and the struggle to attract and engage younger borrowers is putting more pressure on credit unions to find unique solutions for loan growth opportunities,” Filene said.
According to Filene, an “innovative solution that some credit unions have implemented and are experiencing growth is through ITIN lending. Allowing credit unions to expand their reach and foster financial inclusion throughout their communities.”
Key Benefits
Filene said key benefits of ITIN lending include:
- Membership growth through expanding reach into untapped markets
- Loan revenue generation and portfolio diversification
- Increase brand reputation and differentiation through community engagement
Filene said 72% of credit union leaders surveyed, plan to implement an ITIN lending program and over half plan to implement it within the next two years.
Moderator & Panelists
The webinar will be hosted by Molly Leiterman, diversity, equity and inclusion rotational specialist with TruStage. Panelists include:
- Edgar Hernandez, senior manager, multicultural business strategy with TruStage
- Luis Hidalgo, director of economic development with Scissortail Community Development Corp.
- Erin O’hern, VP-strategic initiatives with ViClarity
- Brent Rempe, chief lending officer, Allegiance Credit Union
To register, go here.
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