How was it for you?
How was your Christmas lending?
In December 17 Tees Credit Union in Stockton approved £88,375 worth of loans for 164 members. This was against a target of £45,625 and 104 loans.
Director Dave Allsop said this would not have been possible without the efficiency of cuForms online loan processing system. A look at the numbers shows Tees received 219 loan applications in December that were processed by three part-time members of staff obtaining a 93% increase in lending by value and 58% increase in loans approved.
Did you perform better? With automated credit searching and loan agreements anything possible.