SAN FRANCISCO-SF Fire CU says one lesson the financial crisis has really taught it is the importance of a diversified loan portfolio.

"Firefighters make great incomes in San Francisco, so our real estate portfolio made up about 70% of our entire loan portfolio and had never had a delinquency of more than 30 days in 50-some years," said Richard Smith, SVP of member experience here.

Subscribe Now

Authoritative analysis and perspective for every segment of the credit union industry

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.