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Podcast: The CU2.0 Podcast
Episode: CU 2.0 Podcast Episode 175 MBFS CEO Mark Ritter Tells How to Make Member Business Lending Work
Description: Send us Fan MailSome credit unions are making lots of very profitable member business loans. Most aren't. In fact, by Mark Ritter's count, maybe 300 of the nation's credit unions are genuine players in this business. The rest are dabblers, he says.That's a shock because in the last couple years there has been a stampede of credit unions eager to get into member business lending. The reasons are obvious. There has been an avalanche of deposits that need to be put to work. Meantime, both the home mortgage and car loan markets are sputtering, defi...