What CUs need to know | auto-decision member business loans

5/31/2017 1:21:45 AM

In nearly all areas of business, there is typically a positive correlation between efficiency and growth, and credit unions are no exception. For instance, the goal in member business lending (MBL) is for credit unions to push through as many credit requests as possible without increasing staff, jeopardizing credit quality and without delaying the approval process. This is challenging, especially as credit unions begin to grow and diversify their loan portfolios following the new principle-based MBL guidance and recent interest rate hikes.

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