It won’t be business as usual in 2018. Change is in the air in commercial banking, from new technologies and players to possible shifts in regulations and the tax code.
How credit unions respond to those changes will affect their bottom lines and ability to make inroads in the market.
Bolstered by a relatively positive economic outlook, expectations are that business will continue to perform favorably in the coming year.
That optimism bodes well for credit unions and other financial institutions because companies of all sizes will look for assistance growing and operating more efficiently.
In the coming year, look for commercial banking to remain a key profit center, especially for those that focus on robust cash management, commercial lending and money movement offerings.
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