In December 2017, a credit union based in Louisiana became the lead lender in a $112.6 million loan supporting the construction of a biorefinery in Storey County, NV. The loan, made by a consortium of credit unions and guaranteed through the Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program, was the largest ever made through the highly specialized USDA program.
To see how the power of collaboration made this happen, read "Credit Unions Are Leading The Way In USDA Lending."
2017 data is in the books. For those in the throes of creating year-end reports, consider how your credit union compares to the industry in five metrics: loan growth, share composition, member growth, earnings, and asset quality.
See how these metrics will set the tone for 2018 in "5 Metrics For Year-End Reporting."
This year’s annual Executive Outlook Survey asked credit union leaders to provide feedback in four areas: local market conditions, goals for the coming year, challenges to meeting those goals, and topics that are top-of-mind. Callahan & Associates fielded nearly 250 responses.
To see how we've painted a picture of what's on executives' minds as they face the challenges and opportunities that lay ahead, read "2018 Executive Priorities At-A-Glance."
Cox Farms recently updated its two roadside signs to align with its moral compass. One said, “Resist White Supremacy.” The other, “Rise Up Against Injustice." A viral firestorm of diverse opinions ensued, including on Facebook where the owners posted a thoughtful and lengthy response that basically said: “We know this might hurt our business, but we felt compelled to take a stand.” That got me thinking, not about politics, but about credit unions: about how willing credit unions are to put their money where their mission is, even if it’s not necessarily profitable or popular.
Read more in "What's Your Sign?"
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