Workers Credit Union of Massachusetts ($1.7B) launched its loan participation program with LoanStreet Inc. in Q4 2018 to improve their liquidity position. Get the full details here.
Credit Union business lending is on the rise. Notably, as of Q3 2019, MBLs are 6.19% of total loans compared to 5.65% as of Q1 2018 according to NCUA. This growth is due to a few factors, not the least of which is a number of recent regulatory changes creating room for business lending growth to ...
The new Current Expected Credit Loss standard is having a profound financial and operational impact on the way credit unions and other financial institutions collect data and analyze loan performance – and loan participations create an added wrinkle for compliance.
Buying loan participations enables credit unions to diversify their balance sheets, more profitably deploy excess liquidity, and increase revenue. However, too many credit unions remain on the sidelines because they are uncertain if they will be able to correctly assess the credit risk or manage a ...
Today, the Bank On It podcast airs its interview with LoanStreet CEO, Ian Lampl. Subscribe to the podcast on iTunes, Google Play, Stitcher, Spotify and iHeartRadio. Every week the show host, John Siracusa, talks with impressive fintech leaders and entrepreneurs, through conversation that uncovers ...
