Since the new MBL rule from the NCUA went into effect in January, many credit unions are considering member business lending as a growth strategy. As discussed in a Sageworks whitepaper, “Mitigating Top Member Business Lending Risks”, developing a strategy is key to successful MBL growth. Whether you are developing

any business owners have trouble managing the line between business and personal expenses. To increase cash for your business without hurting your personal finances, it is important to understand your cash flow situation.  These situations make it hard for business owners to gauge the cash flow of the business. The

Industry, especially the financial industry, has become packed with insightful and time saving technologies. In a recent Sageworks webinar, 60 percent of attendees said that one of their main road blocks to adopting new technology at their firm was their unfamiliarity with potential solutions. In today’s blog I will map

ProfitCents by Sageworks recently hosted a webinar, How Will You Win Your Next New Client, which discussed key strategies on how to position your firm to take on new clients and expand service offerings to your existing client base. Peter Brown, senior consultant at Sageworks, mentioned that the central focus

U.S. credit unions experienced solid growth in traditional lending areas last year, but a large number of credit unions are focusing attention on either starting a member business lending (MBL) program or expanding their current efforts to provide loans to member businesses. When considering the development or expansion of a