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Commercial real estate

Earlier this month, the NCUA reported credit union loans increased 5.9% year-over-year in Q3 for a total of $1.1 trillion. Commercial loans, in particular, rose an impressive 13.2%, totaling $78 billion. This upward trend in commercial lending presents a significant opportunity for credit unions to better serve their business members and positively contribute to their own bottom lines.

However, the potential of commercial lending is still largely untapped by many credit unions, as they have traditionally shied away from this area because of its notoriously manual and paper-based nature. With 2020 right around the corner, savvy credit unions are evaluating strategies and tactics now that can help them streamline and enhance the commercial lending process next year. To most effectively embrace commercial lending and grow their portfolios, credit unions should assess the trends and activities that are anticipated to have the most impact on this space in the years to come.

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