You will only need to remember one password for accessing key college services. You can also quickly change your logon password (in case you forget it or it expires) by using the SSO portal without having to contact the campus Information Technology Services department directly. Now you can effortlessly access the most common online resources supported by the college from a single portal location without having to sign into each application individually. The SSO is used to easily access the college’s commonly-used online services, such as the PeopleSoft/Oasis Enrollment System, Raider Email, and Canvas LMS. Rose State College has partnered with QuickLaunch to provide faculty, staff, and students with a single sign-on (aka “SSO”) capability. Business & Community Show Content PagesįIRST TIME SSO USERS CLICK HERE To access the SSO (including OASIS and Canvas), existing users Click Here."Our philosophy at Canvas is to always play the long game," he said. ![]() Todd Marksberry, president and CEO of the $4.3 billion-asset credit union, said he expects automobile loans "to pave the way" this year for Canvas, even though it is generally considered a lower-margin product. ![]() Used-auto loans rose 16% year-over-year in the first quarter to $317.5 billion, and new auto loans rose 21%, to $175.6 billion.Ĭanvas Credit Union in Lone Tree, Colorado, had slightly more than $2 billion in total auto loans on its books at the end of the first quarter, a 28% increase compared to a year earlier, according to call report data. "When loans are priced right, auto lending is still the credit union industry's bread and butter," he said. Mark Treichel, a former executive director of the NCUA who now runs Credit Union Exam Solutions, said market intel shows the used-car market softening, while new car sales are up this year despite higher rates, prices and monthly payments. Still, some experts remain optimistic about the demand for auto loans. And we need to be able to match or beat their product and service offerings," he said. "In Chicago, I typically keep track of the local area midsize banks and credit unions, as they seem to always offer the best loan offerings. "The jobs report is also showing signs of a greater potential for a possible recession later this year."Īguirre said he studies regional metrics for both banks and credit unions to gauge lending trends. "This is primarily due to higher vehicle prices and higher auto loan interest rates," Aguirre said. United Credit Union in Chicago had more than $61 million in total vehicle loans at the end of the first quarter, a 27% increase compared to a year earlier.īut the $302 million-asset credit union is planning for a significant reduction in loan demand for new vehicles over the next few quarters based on the economic forecasts, according to United Credit Union CEO Mario Aguirre. "This will be short lived, though, and I'd suspect that the first quarter of 2024 could see a dramatic decrease in auto lending not only due to lack of sales but also due to the lack of refinance opportunity as a result of the ever-increasing interest rates," Fifield said. ![]() The $252 million-asset Members First had slightly more than $47 million in total auto loans on its books at the end of the first quarter, a 7% increase compared to a year earlier.įifield said the coming decline in auto lending may be mitigated if auto dealers "wake up" and lower the prices on their existing inventory to avoid holding their stock for an extended period. That is especially true at a time when a growing number of indicators are pointing to what could be a substantial recession with a wide ranging financial impact, he said. "I'd expect in the short term that auto lending will decline as consumer sentiment will have the most discerning buyers wary of any long-term financial commitment," said Courtney Fifield, CEO of Members First Credit Union in Manchester, New Hampshire.Ĭar dealers are still overpaying on trade values relative to the price of new vehicles, and lenders should be wary of their unsecured portion of their auto portfolio increasing, Fifield said.
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