Loans at Last: 10 Industries to Benefit From Credit Union Lending
The passage of legislation could allow credit unions to make larger loans and help more businesses get off the groundBy IBISWorld Analyst Eben Jose Nearly five years after the housing bubble burst and the financial system collapsed, politicians are still clamoring for new ways to free up capital and spark growth across the United States. The most recent effort, put forth by Senator Mark Udall (D-Colo.), proposes to increase the lending limit of credit unions from the current level of 12.25% of assets to 27.5%. Structured as nonprofits, credit unions were originally created to make