If a credit union in the Pacific Northwest is hoping to compete with other financial institutions to woo a heavily sought-after executive for its business lending division, be prepared to make at least an $85,000 offer.
As banks ramp up recruiting, the impact may be seen at credit unions. Get the rundown in this preview from next week's print edition.
With 28 new credit unions that have signed on this year, CU Business Group said Wednesday that it now serves 405 credit unions in 44 states.
Popular business banking CUSO celebrates it first decade.
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.
PORTLAND, Ore. — During a recent afternoon session on working with government agency loan programs, as two speakers acknowledged that there can be a corn maze of forms, deadlines and updates, someone in the back of the room felt compelled to interrupt.
How do credit unions know how well their business deposit programs are doing? To offer a gauge, CU Business Group LLC’s new Business Deposit Benchmarking Survey collected data from 41 credit unions in asset sizes ranging from $100 million to $4.5 billion.