Strong Side, Weak Side

July 2018: Vol 41 No 7
by Karen Bankston

What are the advantages and challenges of credit union business lending?

large, shiny metal chain links, one of which is red and pulling apart

As relative newcomers to business lending, credit unions face stiff challenges, but they can also parlay key advantages tailored to their organization’s strategic goals in building their reputations and loan portfolios.

Credit unions hold a clear lead when it comes to a reputation for trustworthiness, especially in light of recent headlines about the abusive practices of big banks, suggests Ken Bauer, VP/business banking for $2 billion