American Banker: 45% of Bankers OK w/CU MBL? Posted by AVCU on 12:32 PM

In a surprising survey result, 45% of American Banker readers favor, or are at least okay with, the expansion of credit union member business lending.

The publication asked readers in a weekly poll whether credit unions should be permitted to expand small business lending. Presumably, most readers of American Banker are bankers themselves, making the results a bit surprising:

• Yes, competition is as healthy for lending as it it for other markets - 28%
• Maybe, as long as credit unions are required to hold plenty of capital to cover losses - 17%
• No, as tax-exempt institutions credit unions should stay focused on individuals - 55%