Credit unions: Big believers in small business

by: Christina Pontisso

A Smarter Choice would like to give special thanks to Lancaster Red Rose Credit Union for contributing the article below to our blog. They provided a very insightful article focused on how credit unions are focused on working with small business start-ups by providing financial assistance. Enjoy!

The benefits of doing your personal banking with a credit union over a large financial corporation have been outlined numerous times.  And the public has been ready to make the move, as credit unions passed the 1 million member mark in 2014.  But it’s not only personal savings and lending where credit unions can make a difference.   Credit unions are big fans of small business!

Small business optimism is at it’s highest in several years.  In addition to an increase in the overall optimism index score, small businesses have big plans for capital investments. Half of all small-business owners surveyed said they plan to make investments next year, up from 43% in 2013 and 41% in 2012.

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