X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LAS VEGAS — As key lenders exit the market and balance sheets improve, credit unions have a unique opportunity to pursue new loan business, said Lee Butke, CEO of Corporate One FCU in Columbus, Ohio.

Addressing a session of the 31st annual National Directors Convention here, the Corporate One CEO suggested CUs in funding loans start turning to new sources “other than deposits to take advantage of these opportunities” and that can include “your corporate or the FHLB,” a reference to the Federal Home Loan Bank system, which recently has courted CU borrowings.

“Borrowing to help grow the balance sheet has not been a common practice, and I wanted to demonstrate some straight-forward and practical ideas on how to effectively use borrowing to grow your organization and add value,” said Butke. Borrowing not only can grow the CU “but can add additional earnings as it can provide a cost effective way to provide funds for your borrowers.”

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

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

  • Critical CUTimes.com 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 Law.com and GlobeSt.com.

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 TreasuryandRisk.com and Law.com.

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

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.