Stuck credit unions have a lending problem
How small and mid-sized credit unions can reignite growth by focusing on the one strategy that drives both mission and margin. A story about focus About fifteen years ago, Ironworkers USA Federal Credit Union was struggling. They were small, under $10 million in assets, and facing the same pressure many credit unions feel today. The NCUA was […]
The housing blues — One Bourbon, One Scotch, and One Beer
I don’t drink, but I’ve enjoyed the classic blues song, “One Bourbon, One Scotch, and One Beer,” for as long as I can remember. In 1977, George Thorogood sang a compelling story about a man who lost his job. Unable to pay his rent and thrown out by his landlady, he tries and fails to […]
Small credit union lenders – kicking ass and taking names
According to CUNA Mutual’s Credit Union Trends Report – December 2021, credit union consumer loan growth peaked at 10.5 percent in 2016. It has decreased annually since then, reaching 5.9 percent in 2021. Drilling down a bit further, the chart below reflects the loan growth challenges smaller credit unions have faced during the past two […]