The rising interest rate market means spreads are back—and credit unions, like other financial institutions—will be looking to make loans. However, rising rates also mean the end of the mortgage refi boom of [...]
Passed by Congress on Dec. 21, 2020, the Economic Aid to Hard-Hit Small Businesses and Nonprofits and Venues Act, a part of the Continuing Appropriations Act, 2021, covers the incremental $284 billion allocated out of [...]
There is obviously a lot of confusion regarding the forgiveness issue for the U.S. Small Business Administration’s Paycheck Protection Program loans. The ultimate fallout of this is the significant non-productive time requirements lenders [...]
The U.S. Small Business Administration has indicated that financial institutions (including credit unions) under $10 billion in assets have stepped up and collectively have around $60 billion (about a third) of the second-round Paycheck [...]
A little more than a year ago, we wrote about our “Sunny Forecast for Member Business Lending.” With anticipated double-digit growth, we encouraged credit unions to invest in the competency of their lenders and their [...]
A recent Credit Union Management magazine article addressed what is ahead for lending in 2016, including member business lending. It’s no surprise to those of us who travel the country and work with credit [...]
Most financial institutions distinguish commercial real estate loans from commercial loans because of their unique challenges, Jim Devine told attendees of the recent CUES Webinar, “Commercial Real Estate Lending Challenges and Growth.” CEO of Hiperion [...]
You can't be perfect but your credit union needs to work hard to prevent bad loans and manage them right when they do go south by Theresa Witham At CUES Advanced School of Business Lending™, [...]
by. Jim Devine and Bob Hogan Business lending is one of the most complex and risk-filled services your credit union offers. Credit unions are seeing more losses than they anticipated in their member business lending ([...]
By Jim Devine In the financial institution world, recently there had been much ado about something: S. 2231/H. R. 1418, the Credit Union Small Business Lending Enhancement Act. This significant piece of legislation would [...]
