Financing small-ticket items was once a popular offering atcredit unions.

However, over the past 15 years, the credit card has taken theplace of unsecured loans for financing, according to a new whitepaper from the CUNA Lending Council, “Fighting for our Turf: Threats to CreditUnion Loan Markets.”

According to the council, the credit card has become asubstitute for the installment loan, albeit at a higher price, foritems such as electronic equipment, furniture and jewelry.

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

  • 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

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.