In July, Q2 released the mid-year update of its 2023 State of Commercial Banking report, which analyzes data from Q2’s PrecisionLender proprietary database as well as industry research and public government data. The report reflects actual commercial relationships (loans, deposits and other fee-based business) from more than 150 banks and credit unions in the U.S., ranging in size from small community banks to the top 10 U.S. institutions.

Among the findings was that cross-selling is critically important and now is the time for financial institutions like credit unions to focus on relationship-building and expansion with the small and medium-sized business (SMB) sector.


NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

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 © 2023 ALM Global, LLC. All Rights Reserved.