At the end of last year, credit unions started bracing for a shift in lending trends as interest rate cuts ushered in broad changes to how consumers and businesses navigate the financial landscape.
From first-time homebuyers entering the market to shifts in the auto lending market and small business owners grappling with inflation, the data tells a story of evolving priorities and challenges. But can you pinpoint the lending trend behind this graph?
Take a close look and see if you can identify what lending trend this highlights. Credit union leaders, this one’s for you — how well do you know the pulse of your borrowers? Now’s your chance to test yourself.
Can you can identify what the graph highlights?
How Does Your Lending Strategy Stack Up? Comparing your lending strategy against local competitors, peers in your asset range, or credit unions with similar business models supports better-informed decision-making and underpins stronger strategies. Schedule a one-on-one session with Callahan & Associates to review your free performance report. Schedule your lending performance session today.