Don't loosen credit standards for a short-term fix to a declining loan portfolio.

The credit union needs to serve its members, but stick to the same credit mix that management calculated that the credit union could handle during "normal" times.

Higher delinquencies and greater charge-offs are much more expensive and harms the credit union more than the slight increase the interest income benefits the credit union.

Brad Harvey
CEO
Horizons North CU, Northglenn, Colo.

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