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As the latest round of quantitative easing (QE3) commences, this significant government investment will present many lending opportunities for credit unions. QE3 will drive investment in private businesses, boosting corporate profits, which will enable companies to finance expansion projects and invest in value-added business services, like consulting and leasing companies. Such service industries are prime lending targets for credit unions because they are mainly composed of regional small businesses. Furthermore, these types of operators will likely be attracted to the lower fees and transaction costs or specialty services offered by credit unions.

Tonya Knudesn

Credit Union Times

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