3 Steps Credit Unions Can Take to Tackle the Lending Slump – Yes, One Involves Document Management

If you’ve ever worked at a credit union, you know that most of its business comes from loans. In fact, when the economy was stronger, loans accounted for approximately 85 percent of their overall asset portfolio. Now, according to those I’ve recently worked with, it’s dropped severely, down to about 65 percent.

But on the bright side, they’re usually more flexible and able to make quicker fixes than other financial institutions. To help get on the right path to relieving their lending woes, here are three tips for credit unions to consider:

1. Sharpen your expertise.
Business is slower than usual, and staffs need to find innovative ways out of the rough. It’s the perfect opportunity to get caught up on the latest trends and technologies, like document management and loan processing software. These technologies are helping credit unions solve many of the same problems you’re having. Think about attending webinars or conferences, such as the NAFCU’s Annual Conference.

2. Look internally first for opportunities to improve.
You’ve probably heard it before, but it’s worth repeating – you can’t control what’s going on outside your doors, so focus on what you can control. Now’s the time to cut out inefficient steps in processes and eliminate wasteful costs.

Many credit unions are turning to software like enterprise content management (ECM). It automatically routes loans through appropriate approvals to keep costs low and member service high. This way, employees can focus on the jobs they were hired to do, rather than putting lots of time into manual processes and chasing paper files. And just as importantly, this productivity boost is helping them process more loans with fewer resources.

3. Focus on improving one area.
I recently read an article that described how one credit union grew member business loans (MBL). They focused on just this one area, creating an indirect lending program combined with aggressive marketing and community outreach campaigns. And boy did it pay off! This Pennsylvania credit union grew its member business loans by an impressive 2,900 percent over just two years.

So at some point, you’ll have to convince the influencers and decision makers that you need to the latest in servicing software. Here are some things to keep in mind. Yes, the technology will help your credit union run more efficiently, more effectively and it will likely save you money in the not too distant future. But what it really comes down to is improving member service, and the right software from a proven vendor will deliver on that most important account. That’s a fact you can take to the…credit union.

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Assistive Technology An Independent Life For Everyone

Not depending on others is very important for every human being. As technology progresses everyday and the development includes specially designed devices and equipment, everyone can now enjoy an independent life style. Even people with disabilities can have a better life, avoiding frustration or incapacity to communicate. Assistive technology is for a great help for those who need to feel secure when they are by themselves, even if they have certain disabilities. Our assistive technology products meet their needs and offer an alternative for a better life. Communication for example, is one of the biggest problems for people with disabilities, but our assistive technology products make it easier. Even if your problem is about hearing, seeing or moving around, the solutions we offer can solve any type of problem related to physical challenges.

We also offer you a great variety of products as furniture, software, workstations or switches, specially created for an independent living. You can enjoy assistive technology products in your own house and anywhere you go, avoiding frustrations and difficulties you were exposed to before. Assistive technology is even for people who suffer from Parkinson, Lou Getring’s Disease aka Amyotrophic Lateral Sclerosis, or Multiple Sclerosis. All the products we recommend are easy to use, the technology being adapted to every special need. Now, deaf-blind people will be able to communicate between themselves or with other people because assistive technology makes it possible.

If you want to make your children’s life easier, now you can do it with the help of special communication software or CDs that contains all kinds of information about social activities. Eating out, shopping, transportation are some of the social activities children need to learn about before they go out. This and some other assistive technology products can help your children have a better, independent life, even if they have some disabilities. It’s important to mention that these teaching products are not only for children, but also for people who have found themselves, all of a sudden, in the undesirable situation of an accident that has affected their health.

Our furniture is designed for people who need better access in the kitchen, bathroom or in the bedroom and for those who need special workstations in their homes or offices. You don’t have to feel uncomfortable at your desk anymore, because now you have the perfect solution, easily accessible through an online order.

In one word, assistive technology is for those who want to raise the standard of living, for those who need to increase the quality of life because an independent living is now possible through technology. This is why our products come to meet your special needs, helping you achieve what you want.

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An Information Technology Degree And An Open Door

Of all the most sought-after degree programs there are, the information technology degree is the one that is currently in the hotseat. Information technology is a branch of engineering that basically has to do with utilizing computers and their software to exchange, process and save information. Because there are different types of technology available, there are several different types of IT professionals.

The word technology is widespread now and covers a vast array of different applications; and it would seem that those applications are almost limitless. From working on computers as a systems analyst to selling computer systems based on a strong foundation of knowledge, getting a degree in information technology can be just the thing to not only push a career forward but give a person just that much more of an edge over their competition.

An assortment of specialized areas in information technology allows for the everchanging and evergrowing needs in the field to be met without alteration. A qualified individual in any one of the IT areas will be able to provide a company with a level of optimum productivity; especially when the learned skills are mixed with the basic fundamentals of business and their applications. It is no secret that employers tend to look for prospective employees who can provide a strong foundation in order to keep operations smooth.

Project management theory, computer programming, database and network systems are only just a few of the lessons that apply to getting an information technology degree. Hands-on training is great for building confidence and provides a level of comfort when entering a professional work environment. Professional certifications and dual degree programs can not only upgrade IT degrees, they can boost resumes and help to achieve the earning power that one has been looking for. A fully certified IT professional with a degree can expect to make $45,000 per year and up.

As this is one of the fastest growing fields around (and it looks to stay that way), there is always a need for those skilled in information technology. One would be hard pressed to find any area of everyday life where computers aren’t already in use; and that is why the demand is and will always be what it is. An added plus is that with the use of computers being so widespread, there is hardly any place on the map a person can go that doesn’t need workers with an IT degree.

With computers and technology, the learning is never done. As the demand continues to grow and change, so will the technology that complements our every day life. The person seeking a degree in information technology must be truly interested in computers and have a thirst for knowledge. There must be willingness and an aptitude for learning something new as software and technology upgrades itself at an amazing rate. The IT professional is a person who is alert and able to keep up; and better yet, is one step ahead of the game at every turn.

The person who has taken the time to earn his or her information technology degree will have opened the door to a career path that is wide and all encompassing. While one path in information technology may be right, that path can often lead to others; and the more skills behind a person the more well rounded and better off they’ll be in their career. Information technology has come a long way and will continue on for many years to come. It is definitely one of those professions that will have the opportunity to see what tomorrow brings, today.

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Get Approved For A Bad Credit Home Improvement Loan

Home improvement projects are wonderful, but can quickly become expensive. There are a number of factors that should be taken into consideration when planning home improvements. In some situations, contracting the services of professionals, buying tools and supplies are necessary for completion. There can be a strong inclination to withdraw from your personal savings for home improvements, especially if there is a large repair involved that is an absolute necessity. This can lead to a strain a family’s financial security. If this is the case, you might want to try to get approved for a bad credit home improvement loan.

Making home improvements are one way to increase the appraisal value of your house. However, if your have a bad credit history, your chances for loan approval will certainly decrease. Banks and other financial lenders take your credit history into consideration when trying to get approved for any type of home improvement loan. The lower your credit score, the more difficulty you will have in obtaining a home improvement loan.

Even though this is not encouraging news, don’t give up just yet! You may still be able to qualify for some types of bad credit home improvement loans. Lenders do exist that are willing to approve home improvement loans for persons with a bad credit history, however, possessing sufficient equity in your home will likely be a major requirement.

Unfortunately, bad credit home improvement loans have higher interest rates. But there is a bright side, because if scheduled loan payments are made on time, the credit rating of the borrower will increase provided there are no other negative factors affecting the credit score. After a period of 12 to 24 months of timely payments, you may be able to refinance your bad credit home improvement loan for a lower interest rate.

Here are some excellent tips on ways to get approved for a bad credit home improvement loan and get the lowest possible interest rate for your current credit score:

1. Research
Take time to research your available options. Knowing your options will be a large help when it comes to finding the lowest possible interest rates on a bad credit home improvement loan.

2. Recommendations
Talk to other people who may have gone through the bad credit home improvement loan approval process. Recommendations from friends or co-workers could save you hours worth of your own research time. You may get information from people who have completed the process that you might not learn otherwise.

3. Multiple Lender Quote Comparison
Always get more than one lender quote. You should compare home improvement loan quotations from no less than three or four lenders before attempting to make a decision.

4. Good Rapport
Contact the lenders with which you think you have the best chance of getting an approval for a bad credit home improvement loan. Once a good relationship has been established, lenders may be more likely to give you a lower interest rate.

Improving your credit score as much as possible before you apply for a loan is the best way to get approved for a bad credit home improvement loan. Your bad credit home improvement loan should be seen as an opportunity to both increase the value of your home as well as improve your credit score in the future.

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Tips For Home Improvement Home Equity Loan Financing

No one will argue that increasing the value of your home through home improvement projects is a great idea. However, large home improvement projects can become quite expensive. Home improvements lighten your wallet and empty your savings account. Careful planning and thinking about all your financing options is necessary before beginning your home improvement project. Below are a few tips for home improvement home equity loan financing to take into consideration.

Home improvement home equity loans are becoming one of the most popular loans when it comes to home improvement. Because the interest is deductible from your taxes, It’s a viable tool for borrowing money. Interest rates on home improvement home equity loans are usually lower than the interest rates of other types of loans. Another good thing about home improvement home equity loans is that they are fairly easy to get.

Home improvement home equity loans are great loans for home improvement because the project can greatly increase the appraisal value of your home. This is a loan that is obtained to be able to get additional investments for use in the future. Home improvement projects such as bathroom additions, bedrooms and home extensions can increase the value of a house. However, some home improvement projects don’t really result in increasing the value of the house. The construction of a swimming pool is one such project.

Take care when getting a home improvement home equity loan. Don’t forget that the collateral that you are putting up against the loan is your own house. If you can’t make the payments and make them on time, you could end up losing your home. You borrowed money for the sole purpose of improving your house and losing your house would be a disasterous situation indeed.

Many people use home improvement home equity loans for other reasons. The money is sometimes spent finance other expenses such as vacations or everyday needs. Steady appreciation of their houses is what people rely on to be able to pay for the debt. If the value of their house depreciates at the end of any period, they are in huge financial hot water. This is why home improvement home equity loans should be used for the improvement of your home because the risks of depreciation are lower.

To avoid being indebted because of home improvement projects, these tips for home improvement home equity loan financing should be kept in mind. Home improvements are a great way to increase the value of your house but always use your head when getting home improvement home equity loans to finance these projects.

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