SIOUX FALLS, S.D.-NCUA Board Member Deborah Matz urged credit unions to get in the business of business lending in her most recent trip to South Dakota. The market has great potential for credit unions and remains widely untapped, she said. Speaking at a South Dakota Credit Union League luncheon, Matz emphasized that credit unions should get involved in member business lending if feasible. She explained that credit union business members typically need relatively small amounts of credit for items like farming equipment or cleaning equipment necessary to start a home cleaning service. “These are loans that banks won’t make,” Matz added, “not because they are too risky, but because they are too small.” She cautioned attendees not to underestimate the need for business loans. Business lending is “not just for `big city’ credit unions or for another part of the country,” Matz said. “Dakota West Credit Union in Watford City, North Dakota, is in the top 10 credit unions in the country in terms of member business loans per member, making 15 business loans for every 100 members,” she pointed out to the credit union executives. “The demand is there. Why let your members go elsewhere or go without?” she challenged the South Dakota credit unions.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.