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Member Business Loans Continue to Grow

Member business loans continue to be among those outpacing other credit union lending categories despite nine consecutive months of overall loan portfolio contraction.

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Member business loans continue to be among those outpacing other credit union lending categories despite nine consecutive months of overall loan portfolio contraction.

According to CUNA Mutual Group’s December issue of Credit Union Trends Report, at $581 billion, total loans were down 1.6% over 2009. The report looked at data through October. Member business loans, used vehicle loans, and first mortgages were the only portfolios in positive territory.

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Peter Westerman

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