Carson City, Nev.-Wally Murray, president and CEO of Greater Nevada CU said, "Our credit union has not experienced significant walkaway activity thus far."
Processing Content
Murray attributed the low number of strategic defaults to "proactively reaching out to members quickly and assertively when they are showing signs of having issues."
"Our willingness to work with those members when they are experiencing challenges has really seemed to help increase their desire to make a stronger commitment to do whatever they can to stay in their homes," he said. "While we recognize that this dynamic is always subject to change, this has been our credit union's experience to this point."
