Preparation should include procuring the right staff and technology, as well as reducing risk with sound policies and controls.
By effectively serving the local small business niche, credit unions can diversify their portfolios and boost yields.
The ICBA asks that the NCUA's new MBL rules be voided.
Why the time is right for credit unions to zero in on this niche market.
The agency also plans to fully update its examiner training program for MBL.
Loan diversification, regulatory changes and operational efficiency will likely top credit unions’ lists this year.
Tapping existing small business owner members for loans is a winning strategy for some CUs.
SBA loans by credit unions have increased nearly 50% since 2011.
In comment letters, bankers say the NCUA’s proposed changes to the MBL cap calculation defy Congress.
Find out what got your credit union industry peers buzzing this week.