MBL Policy Updates Are Crucial, Say Experts
Ideally, one of the end-of-the-year items that should be checked off the list for credit unions with member business loan programs is a review of policy.
“It shouldn’t be too detailed but also not too light,” Larry Middleman, president/CEO of CU Business Group LLC. “We hear from credit unions all over the country and understand what issues are critical to effective MBL risk management.”
Turner said the nation’s underemployment rate, which combines those unemployed with those working part time but desire full time work and those who have given up their search for lack of jobs, increased to 14.8%, or approximately 22.9 million people.
“The Fed currently estimates consumer spending growth in 2012 to be only slightly higher than 2011, therefore the outlook for consumer loan growth for the remainder of this year and probably the first half of next year to be rather moderate,” Turner said.