The European financial crisis may be half a world away, but problems there could show up on credit union balance sheets here.
Commercial and multifamily mortgage delinquent loans were down for credit unions, banks and thrifts during the first quarter.
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.
Competitive loan pricing and a decline in loan delinquencies have helped create more demand for commercial real estate loans.
A 1.4% decline in loans outstanding in 2010, modest 1.2% increase in 2011 at credit unions linked to how members feel about economy, jobs.
Credit union vehicle loans outstanding have dropped 2.2% so far in 2012 but lending activity is still higher than it was a year ago.
It may be hard to truly gauge whether the majority of members are feeling skepticism toward signs that an economic recovery is well on its way.
Credit union CEOs are especially buoyant about prospects for their own institution, per Catalyst, representing a sharp turnaround from year-ago gloom.
If credit unions were looking for a lending panacea in 2011, it was nowhere to be found. It wasn’t for a lack of money to lend because many cooperatives were awash in funds, economists said over the course of the year.
Fresh out of college a few years ago, Tyler Leonhardt accepted a position at Bank of America.