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Credit Union Business Lending Trends: 2022 Demand Accelerates

Has your credit union experienced strong commercial lending this year? If so, you’re in good company.

By Mark Ritter | October 10, 2022 at 09:00 AM
graph showing financial growth with cash Source: Shutterstock.

With no PPP loans bogging down business lending departments, I told our staff we are “back to normal.” That was the understatement of the year. Credit union business lending continued at an extremely strong pace in the first half of 2022. Has your credit union experienced strong commercial lending this year? If so, you’re in good company as record volumes were reached industry wide. The rising interest rate marketplace accelerated demand compared with the previous few years. With the NCUA Call Report data released for mid-year 2022, we have an opportunity to dig deeper 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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