Mitigating Top Member Business Lending (MBL) Risks
Credit unions have turned to member business lending (MBL), recognizing the opportunity to increase penetration in the business market, expand relationships, diversify the balance sheet and revenue streams, and capitalize on competitive advantages. But entering the MBL market or expanding those services comes with an increase in MBL-specific risk. Download this whitepaper to learn specific challenges with MBL and how to overcome them by:
- Developing a robust lending strategy
- Establishing sound underwriting policies
- Defining procedures for your credit union