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Credit unions across the nation have helped drive their local economies by increasing their investments in small business.
New economic realities pushed SouthPoint Financial to expand into other segments of its loan portfolio. Here’s how it handled the exponential growth that followed.
The ANATOMY series is a quarterly, multi-feature profile that explores the strategies and analyzes the performance of an exemplary credit union.
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Five can’t-miss data points this week on CreditUnions.com.
See why member business loans are one of the fastest growing loan segments in the credit union loan portfolio.
Credit unions that participate in member business lending, a full 35.9% of the industry, posted 15.2% year-over-year growth, and total MBL balances hit a record high of $62.7 billion as of March 31, 2017.
Credit unions lent $461.2 billion throughout 2016, surpassing 2015 totals by 12.3%. See how top, middle, and lagging performers differed.
Five can't-miss data points featured this week on CreditUnions.com.
Twenty-eight graphs, charts, and maps that evaluate credit union performance in the fourth quarter of 2016.
Non-member deposits join indirect lending, MBLs, and loan participations as liquidity strategies.