Over the past week or so, the word "billion" has come up several times in industry talk on member business lending.
The first billion–make that nearly $12 billion–is the record number of member business loans that credit unions funded in 2011, setting a new record high based on fourth-quarter data from the NCUA, NAFCU recently reported.
"Credit unions never stopped lending," said NAFCU President/CEO Fred Becker. "They didn't engage in the type of activities that banks did. As a result, they had the liquidity and capital to lender when banks did not."
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