A new report from the Filene Research Institute explores the opportunity for credit unions to form lasting partnerships with small business through microlending.
The report, "Microloan Feasibility Study: Can Small Business Lending Become Big Business For Credit Unions?" is authored by Dave Grace, managing partner of Dave Grace & Associates, and former senior vice president of the World Council of Credit Unions.
The microlending efforts of three credit unions are profiled in the report: The Queen's Federal Credit Union of Honolulu, Hawaii, Aloha Federal Credit Union, also in Honolulu, and JetStream Federal Credit Union of Miami Lakes, Fla.
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