Personal loans still offer niche, participants say, and a way to serve members while competing with payday lenders.
This preview from our Aug. 28 print edition looks at what may be a shrinking credit union market for $600 and under loans.
Despite the apparent financial pain to cover the underwriting costs of small loans under $600, some credit unions still feel there is a segment of their membership that rely on this type of financing. Others don't.
Montana Credit Unions for Community Development in a bid to provide members access to certified financial counselors and financial coaches.