This could get interesting...
.... on "Independence Day"!
While trying to analyze whether or not commercial lending is viable for SECU [1/27/2025 post] - and if so what are the limits and parameters the SECU Board is considering; LGFCU/CIVIC FCU was brought forward as a potential reference point for measuring success in such a program [1/28/2024 post]. A heated debate continues in the posts' comments!
In comparing SECU and LGFCU data, took a look at the official NCUA risk-based lending rates for both institutions at 9/30/2024. One of SECU's continuing claims is RBL was necessary to provide A-tier members best-in-market, competitive rates, especially in auto lending.
😎 It would appear that an SECU member doesn't need to look too far to find a better rate on a new car... and a used car... and a credit card.. and a first lien mortgage at LGFCU.
And, remember everybody can join LGFCU/CIVIC! (Uh-oh...!)
