Business Lending’s Crucial Role

Credit unions are lending to businesses at a record pace, a trend which is helping boost local economies, says Callahan & Associates’ analyst Andrew Bolton.

Andrew Bolton, credit union industry analyst with Callahan & Associates, explains credit unions’ stellar year in business lending and its impact on economic growth. MBL originations increased 10.5% year-over-year to $11.9 billion, according to financial reports from 7,091 FirstLook credit unions. The improving economy and strong demand at credit unions points to another strong year for business lending in 2012.

Read Bolton’s article, Credit Unions Score Record Year For MBLs, for more details onmember business lending trends.

May 23, 2014

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