How the PPP & Technology Means MBL Growth & More for Credit Unions

Evaluate whether your technology meets the needs of business members and your CU's strategies to provide superior member service.

By Mary Ellen Biery | July 31, 2020 at 09:00 AM

Paycheck Protection Program application.

The Paycheck Protection Program showed many credit unions that the right technology is critical to serving business members efficiently when they urgently need help. It also showed credit unions how technology can cultivate big growth in new business member relationships and interest-earning assets that diversify the portfolio.

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Loan Portfolios Shrink for Third Month in a Row

By Jim DuPlessis | May 10, 2024

America's Credit Unions report also shows total car loans fell from their year-ago level, another first since at least 2014.

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The CUSO serves small financial institutions nationwide, with exclusive services for those in the New York City Metro area.

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Credit Unions Still Gaining in Consumer Loans

By Jim DuPlessis | May 08, 2024

But the pace of balance growth is slowing for credit unions, and for all lenders auto loan growth is the slowest in years.

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