Bancfirst

Bank credit: is it growing, and where’s it going?

Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit

Here's What You Need to Look For to Make Sure You're Not Being Scammed at the ATM

Mortgage Loans: Stick With A Bank Or Go With A Broker?

It matters where you go for a mortgage. Who offers a better deal — a banker or broker?

Is a personal loan for you?

Personal loans have surged in popularity, due in part to increasing consumer confidence and a growing array of online lenders to provide them.

What Is the Difference Between a Bank and a Credit Union?

Labeled as profit mongers who invent outrageous fees and give mediocre customer service, banks have not made a good impression on consumers. As a result, many of us end up looking for alternatives.…

How to Get the Best Auto Loan Rates

Do you know how to find the best auto loan rates? We've outlined some tips here to help guide you through the process.

Savings Tips for Children

April 24th is National Teach Children to Save Day. We have employees going to local schools to teach children the importance of saving. Anytime is the right time to begin teaching children about mo…

Why You Should Get A Mortgage Through A Credit Union Or Local Bank

There are many benefits to getting your mortgage at the same place where you bank. Here's why you should get a mortgage through a credit union or local bank.

Here's why Freddie Mac says the mortgage credit box is so tight

As the spring home-buying season struggles to lift off, many point to tight credit as one reason to blame. Freddie Mac and Fannie Mae made efforts to open the credit box by lowering their minimum down payment to 3%, so why isn't it working?

Five reasons to increase SBA loan origination at your credit union

In a recent survey of more than 250 bankers representing banks and credit unions, 61% of respondents said their financial institution plans to maintain or increase Small Business Administration loan origination this year and beyond. With the Paycheck Protection Program lending window closed, are there benefits for credit unions that increase participation in ongoing SBA loan programs? Here are […]

Top 3 Reasons Mortgage Applications are Denied

Buying a home is an exciting experience, but there is nothing more crushing to a prospective home buyer than having a mortgage application denied.  To avoid unexpected bad news at the closing

The One Question Bankers Don't Want to Answer About Mortgages

When it comes to the mortgage process, there is one question—above all other questions—that sends a nervous tingling sensation up a banker’s spine.

Mortgage CUSOs help credit unions be 'full service,' Part 1

In the measure of how consumers define full-service financial institutions, the balance certainly tips toward credit unions that make mortgages. Credit union service organizations offer a variety of services to help credit unions without the in-house expertise and systems to deliver mortgages to their members. However, a great deal of unrealized potential exists for credit …

Personal loans get paid before other consumer credits, study finds

As financial institutions look closer at the increasingly detailed consumer credit data available, they are learning consumers are more apt to pay off personal loans before mortgages, auto loans and credit cards.

Don't Cap Credit Union Loans to Small Business

Business loans are not inherently safer or riskier than mortgages or consumer loans. Discouraging business lending by credit unions, something credit unions have done since their inception in 1908, may leave them in worse financial shape because they can’t diversify their lending.

Credit unions a cure for medical debt?

In the credit union world, we hear a lot about credit card debt, mortgage debt, and student loan debt. There seems to be a constant stream of articles about how to get yourself out of these kinds of debt, but while those are important issues, there is little to no talk about the leading cause …