Having more than enough money to lend would seem to be a good problem to have. For many credit unions, however, the economy’s stalls and starts to recovery in 2011 kept members more focused on paying down debt and trimming expenses. Taking out new loans? Not so much.
For more than nine years, Carter Federal Credit Union hummed along with its business lending program amassing $7 million in loans, relishing the fact that its portfolio never took any charge-off or delinquency hits.