Member Business Financial Services (MBFS) recently held the second quarterly webinar in its ongoing series, Credit Union Business Lending Today.
Mark Ritter, CEO of MBFS, began with a recap of the double-digit growth the industry achieved in business lending during 2017. As of December, member business lending had grown by 12.5% over the previous year with $68.4B in loans outstanding. Ritter also discussed recent call report changes, regulations and new opportunities for credit unions in 2018.
"The growth we've seen in business lending over the past five years has been very positive for credit unions and the communities they serve," said Ritter. "However, our CUSO is even more excited about the new opportunities we're seeing for credit unions in 2018 and beyond in specific segments of critical industries such as healthcare."
The quarterly webinar series, Credit Union Business Lending Today, covers a wide range of topics in an economical manner. Each session begins with an overview of the marketplace and industry. The webinars also include brief reviews of regulatory or compliance issues, a technical education portion and an industry or market segment focus. The series is open to all interested credit unions with discounted registration available for current MBFS clients. For more information on how to register for the series, please visit www.mbfs.org or email us at info@mbfs.org.
Mark Ritter