10 Lending Targets for Credit Unions as a Result of QE3
As the latest round of quantitative easing (QE3) commences, this significant government investment will present many lending opportunities for credit unions. QE3 will drive investment in private businesses, boosting corporate profits, which will enable companies to finance expansion projects and invest in value-added business services, like consulting and leasing companies. Such service industries are prime lending targets for credit unions because they are mainly composed of regional small businesses. Furthermore, these types of operators will likely be attracted to the lower fees and transaction costs or specialty services offered by credit unions.
With QE3 expected to increase private investment, IBISWorld has identified 10 U.S. value-added service industries that rely heavily on corporate profit to drive revenue.