Page 13 - Michigan Credit Union League: 2018 Contact Q1
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While loan growth over the last 12 months has grown Merwin went on to say Advia has multiple systems
across the board, a handful of credit unions have seen and procedures in place to mitigate risk, including
incredible numbers. People Driven Credit Union, Safe product-level underwriting practices, portfolio product
Harbor Credit Union and Frankfort Community Federal diversity and early credit solution contact procedures.
Credit Union, just to name a few, have seen nearly 30
percent loan growth in the past year. “We focus on continuously
evaluating our portfolios to ensure
Battle Creek-based Advia Credit Union has seen similar we are monitoring for trends and
numbers, and I talked with their executive vice president responding as quickly as possible.”
of lending, Tim Merwin, about how the credit union is
adding to their memberships and loan portfolio while Tim Merwin, EVP
anticipating that the economy is subject to change. Advia Credit Union
“We focus on continuously evaluating our portfolios to The recessions that come and go might be unique, but
ensure we are monitoring for trends and responding the way credit unions navigate them won’t change —
as quickly as possible,” said Merwin. “This is done by leaning on safe practices and products that are engi-
monitoring different portfolio metrics that vary based neered to strengthen the community. And as years pass,
upon the portfolio.” the industry’s knowledge of how to navigate the storms
will only continue to grow.
Additionally, he said the credit union spends time study-
ing the local economies where Advia serves. “We have
already observed a change within the economy with
the rising rate environment. We have been proactive
in making these adjustments while understanding that
this is a mind-set change for staff and members.”
FIRST QUARTER 2018 I CONTACT 13
