Breaking NewsCUTimes.com will be offline for scheduled maintenance Saturday May 8 3 AM US EST to 12 PM EST. We apologize for the inconvenience.

 
X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Commercial real estate

Credit unions’ lending outlook continues to be strong. Loan balances have grown at or near double figures over the last four years, and CUNA reported that credit unions are more than doubling the pace of all other lenders. This milestone can partially be attributed to an increase in automobile loans, which account for more than one-third of credit unions’ loan portfolios, while first-lien mortgages remain the heavy hitters. Although credit unions have been successful in facilitating auto and home financing, too many institutions are still missing a significant opportunity by remaining hesitant to embrace commercial lending.

As credit unions look toward adding the next trillion to their portfolios, savvy institutions are considering how they can best derive revenue from the largely untapped commercial lending market. There is good reason credit unions have traditionally shied away from this segment – commercial loans are notoriously tedious, manual and paper-based. However, this no longer has to be the case. If credit unions adopt the right mindset and technology, they can make commercial lending a competitive differentiator.

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

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

  • Critical CUTimes.com 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 Law.com and GlobeSt.com.

Already have an account?

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 TreasuryandRisk.com and Law.com.

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

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.