Wescom Vice President, Lending, Jeff Smrcka, was interviewed by CU Management along with other leaders in the credit union industry to discuss today’s lending environment, electric vehicle lending, and home equity lines of credit as a foundational wellness product.
“Last year, 37% of our auto loans were for EVs,” said Smrcka to CU Management.
CU Management reported that Wescom gives members the option to tap a HELOC for a variable-rate draw and then convert that debt into fixed-rate. “They can convert and lock in their balance at a fixed rate if they wish,” Smrcka explained.
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