Depending on who you talk to, the credit union business lending landscape could easily be a mix of record loan growth peppered with a drop in delinquent debt to an environment that is thriving better than what bank competitors are experiencing.
While it’s been a little over a year since Telesis Community Credit Union went under conservatorship, credit unions may find there are still more lessons to learn from the cooperative’s collapse.
Business services specialist points at MBL exposure, loan loss allowances, dependence on CUSO revenue, high operating expenses.
Jeff Marshall typically starts his days early at the Mystic Shipyard, a 169-year old marina with a history steeped in the construction of schooners and iron-clad ships to sail the waterways of New England.
A Connecticut credit union won the business of historic Mystic Shipyard. Get the story in this preview from next week's print edition.
CUBG's Larry Middleman advises conference attendees to follow prudent underwriting practices, detect problem loans early.
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.
When it comes to business lending practices, policy is the guiding principle to turn to.
When it comes to the barriers that tend to prevent a credit union’s business services program from thriving, a lack of knowledge from staff appears to be ranked the highest.
When looking at delinquencies, credit unions still have some of the lowest rates even among the worst performing business lending portfolios.