Skip to main content

What would credit unions like to improve about their MBL programs?

January 11, 2014
Read Time: 0 min

While credit unions have continued to experience growth in traditional lending areas, many are also eager to grow their member business lending (MBL) programs. Others may be simply deciding to create a MBL program of their own in 2014.

Loans in this category are appealing to credit unions because they typically carry a higher interest rate and higher dollar-weighted average loan amount as compared to other options. Plus, larger banks aren’t typically interested in this market, so credit unions tend to compete with only community banks. With the millions of small businesses in the U.S., there is plenty of opportunity for growth. Of course, these loans usually carry more risk since the loan amounts are higher.

During a recent webinar, How to Manage Risk in Member Business Lending, attendees with a MBL program were asked what they would like to improve about it. Just over 50 percent noted improving risk management, while almost 45 percent mentioned increasing loan volume.

MBL Poll Question

To learn more about how to take advantage of growth opportunities, manage strategic risk and overcome regulatory challenges in the New Year, register for the webinar, 2014 Outlook for Credit Unions – Managing Risk and Embracing Opportunities.

For more information on common areas of risk associated with member business lending, download the whitepaper, Member Business Lending Landscape: Managing Risk & Opportunity.

About Abrigo

Abrigo enables U.S. financial institutions to support their communities through technology that fights financial crime, grows loans and deposits, and optimizes risk. Abrigo's platform centralizes the institution's data, creates a digital user experience, ensures compliance, and delivers efficiency for scale and profitable growth.

Make Big Things Happen.

 

Looking for Banker’s Toolbox? You are in the Right Place!

Banker’s Toolbox is now Abrigo, giving you a single source for all your enterprise risk management needs. Use the login button here, or the link in the top navigation, to log in to Banker’s Toolbox Community Online.

Make yourself at home!

Looking for MainStreet Technologies? You are in the Right Place!

MainStreet Technologies is now Abrigo, giving you a single source for all your enterprise risk management needs. Use the contact us button here, or the link in the top navigation, to reach product support for your MST products.

Make yourself at home!

Looking for Sageworks? You are in the Right Place!

Sageworks is now Abrigo, giving you a single source for all your enterprise risk management needs. Use the login button here, or the link in the top navigation, to log in to your Sageworks products.

Make yourself at home!

Looking for Farin? You are in the Right Place!

Farin is now Abrigo, giving you a single source for all your enterprise risk management needs. Use the login button here, or the link in the top navigation, to log in to your Farin client portal.

Make yourself at home!

Abrigo acquires construction loan management solutions

Coupled with our lending suite, Construct and +Pay from BankLabs enable end-to-end automated residential/commercial construction loans.

Read the press announcement

BankLabs Logo Abrigo Logo