Andrew P. Russell comes to the $273M Maryland credit union from the banking industry.
If it’s all about location, location, location when opening a business, credit unions may want to pay attention to several cities in Florida, California and Texas.
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.