Credit unions were more concerned about interest rate risk than their banks counterparts in 2013, according to a recent report from research firm Aite Group.
The report, Top U.S. Lenders Tackle Risk and IT Challenges: Not Their First Rodeo, was based upon a 2013 follow-up survey among lenders who participated in 2011 lending survey by Aite. That first survey asked about the lenders' most pressing concerns, which at the time included managing troubled portfolios, portfolio growth and regulatory uncertainly.
To gauge if some of those same lenders had similar or different challenges, Aite conducted the 2013 survey designed to discover how the 2013-to-2014 plan was progressing and what the lenders' vision was for 2014 and 2015.
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