Business services are often lacking in credit unions, in part because of the specialized knowledge required to lend prudently and the sizable base of loans and deposits needed to cover those costs.
Like many other areas of credit union operations, the means to support business lending and deposits among smaller credit unions has been supplied by CUSOs, and is one of the reasons Member Business Loans are one of the fastest growing segments of credit union portfolios.
While overall credit union lending rose 59% since 2011, MBLs have risen 90% to $61.1 billion in March, accounting for 7% of all loans among federally-insured credit unions, according to NCUA data.
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