CDFIs helping small businesses Source: Shutterstock.

If you work in credit union business lending, the last two years have been a roller coaster that will fuel you with stories for years to come. At our company’s monthly staff meeting in March 2020, we made final arrangements for everyone to work from home. Later that day, I carefully crafted an organizational chart with the anticipation that lending activity would grind to a slow pace for a long period of time and layoffs would be necessary. I could not have been more wrong as 2020 and 2021 were record business lending years for the credit union industry. With the NCUA Call Report data released for year-end 2021, we have an opportunity to dig deep into the numbers to see just how busy credit unions were assisting members with small business and commercial real estate investment needs.

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