Do credit union executives believe that online lenders pose a threat to their small business lending programs? We asked this question to a group of them during a webinar we hosted on July 16. Granted, it was a biased selection given the subject of the event – “Compete and Win in Small Business Lending” – and a relatively small sample, but their response provided insight into how many traditional lenders view these new competitors. I’ll have more on their response later.

What do the industry numbers say?

In the U.S., the banking industry held roughly $1.5 trillion worth of small business loans on their books at the end of 2014, increasing by 10.5% year over year. Credit unions saw their lending increase by 12.4%, with approximately $52 billion in business loans on their books at year’s end.

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

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • 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

Already have an account?


© 2023 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.

Dig Deeper


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.