Credit union loan zone: Fee strategy fuels indirect

first_imgLike executives at many credit unions, the team at Ent likes to recognize milestones. A key record at the $4.3 billion Colorado Springs credit union serving 240,000 members has been the number of consecutive business days funding more than $1 million in indirect car loans. Up to the spring of 2014, the longest streak was nine days.In July 2014, the credit union launched an effort to win business from big direct lenders in its market area. “These lenders were offering 1.99 percent for 60 months. Our rate was close to a percent higher than that,” recounts CUES member Bill Vogeney, senior EVP/lending and finance. “We saw the opportunity to match some of those rates, when needed, but we couldn’t charge 1.99 percent and pay the normal dealer fee.”Fortunately, some of Ent’s higher-volume dealers were willing to accept a lower flat rate in exchange for being able to match the competition. “The dealers don’t like it either when customers come in and say, ‘I’m going to go through USAA or Navy Fed for my car loan,’” Vogeney says. “We’re in a big military town, so those types of national lenders do big business here.”And so Ent began another series of consecutive days booking more than $1 million in car loans when it introduced its low rate/low dealer fee combo—a streak that was still going strong 17 months later in mid-December 2015 even though the rate had inched up to 2.25 percent. continue reading » 5SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Mikel Arteta hails Frank Lampard ahead of Arsenal’s FA Cup final clash with Chelsea

first_img Metro Sport ReporterFriday 31 Jul 2020 11:08 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link1.5kShares Advertisement Mikel Arteta hails Frank Lampard ahead of Arsenal’s FA Cup final clash with Chelsea FA Cup final: Arsenal preview press conferenceTo view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Play VideoLoaded: 0%0:00Progress: 0%PlayMuteCurrent Time 0:00/Duration Time 21:18FullscreenFA Cup final: Arsenal preview press conference is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.But the Gunners head into Saturday’s clash as underdogs and Arteta knows his players will have to be at their best to beat their London rivals, who have won ten of their last 13 matches in all competitions.AdvertisementAdvertisementADVERTISEMENTOn Arsenal’s status as underdogs, the Spaniard responded: ‘I don’t know. it’s a final. ‘The only aim , the only focus, and all our energy is going to be on winning that trophy, it doesn’t matter where we start. ‘Two big clubs playing each other, Chelsea are in a really good moment, they have come back so far this season where they are – they are playing a really good level. We are going to go for it.’ Arteta believes Lampard has made a promising start at Chelsea (Picture: Getty)Arteta has been massively impressed by the start Lampard has made at Chelsea but was quick to shut down any comparisons with two of the modern greats in management.On him and Lampard being touted as the next Jurgen Klopp and Pep Guardiola, he replied: ‘Frank as a player, he was absolutely top.‘The consistency he was able to play for that many years, in the position that he played at such a big club, and doing what he did, was incredible. Big credit to him on that. ‘As a manager he has shown, since he went to Derby, the kind of personality and ambition that he has, and the way he encourages his team to play. ‘Again this season he has done a really good job. ‘We are both young, we are both trying to learn our positions so I wouldn’t like to compare with the two managers you mentioned (Klopp and Guardiola).’More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing ArsenalArteta is used to the emotions that come with FA Cup finals after winning the competition twice in his playing days at Arsenal and admits he’s been impatient for kick-off to come around.‘I don’t know if it’s nervousness, it’s just that you are anxious for the day to come, to play that occasion, to be on that pitch,’ he added.‘Because of all the preparation and when you are sitting in that hotel next to Wembley and you see all that atmosphere and all the families, you just want to go on that pitch and start the game and grab that trophy as quickly as possible. ‘It’s the same feeling that I have today. ‘I want it to already be tomorrow, I want to be there and to feel my players and go out there and win that trophy.’Who will come out on top in this year’s FA Cup final?Arsenal0%Chelsea0%Share your resultsShare your resultsTweet your resultsFollow Metro Sport across our social channels, on Facebook, Twitter and Instagram. AdvertisementAdvertisementFor more stories like this, check our sport page.MORE: Cesc Fabregas explains why his Chelsea team were winners and Arsenal were notMORE: Why Chelsea decided against signing Manchester City-bound Nathan Akecenter_img Advertisement Frank Lampard and Mikel Arteta are both looking for their first trophies in management (Picture: Getty)Mikel Arteta has been impressed with the ‘really good job’ Frank Lampard has done since taking charge at Stamford Bridge and believes Chelsea’s head coach is already beginning to imprint his steely personality and ‘ambition’ on his squad.The two young managers are looking to pick up their first piece of silverware at Wembley this weekend in what will be a repeat of the 2017 FA Cup final. Arsenal came out on top to secure to win the trophy for a 13th time three years ago – with Aaron Ramsey and Alexis Sanchez getting on the scoresheet – and the result meant they overtook Manchester United as the most successful team in the history of the competition. Commentlast_img read more