How CUs Can Attract and Retain Lending Talent

Credit union loan officer.

Commercial lending continues to be an area of opportunity and growth for many credit unions. Even though business demand is high, there’s a shortage of lenders and credit analysts entering the space, and experienced lenders are retiring more rapidly than new ones are coming in. This scarcity is the result of converging factors, including fewer students pursuing the career and higher salaries enticing lenders toward large institutions.

The commercial lending officer is a significant role at any institution. These individuals are responsible for sizable portfolios, bear the burden of portfolio growth expectations and are tasked with ensuring credit quality remains high – all the more reason credit unions can’t ignore this shrinking talent pool.