Credit Unions Miss Opportunity with Small Businesses

A new TransUnion CIBIL report shows that while credit card portfolios have become healthier with improved repayment behaviour, small-ticket personal loans are increasingly replacing credit cards as the preferred unsecured credit product Read more: https://lnkd.in/g2X_TKRw Annurag Batra | Noor Fathima Warsia | Tanvie Ahuja #CreditCardPenetration #TransUnionCIBIL #RetailCredit #BankingIndia #FinancialInclusion #UPIAlternatives #AssetQuality #ConsumerDebt #BWBusinessworld

Consumer credit growth slows with sharp pullback in revolving credit - According to Fed data, in May, total consumer credit was unchanged on a seasonally adjusted basis. Revolving credit decreased at an annual rate of 4.7% to $1.34T (-$5.3B), while nonrevolving credit increased at an annual rate of 1.6% to $3.81T (+$5.1B). #banking #consumercredit #creditcards  

What happens when rising non-performing loans start eating into profitability? For many financial institutions, the default response is to tighten credit policies and hope collections catch up. For one of our banking clients, that wasn't enough. When they partnered with McDorcis, we uncovered two critical challenges: - Limited visibility into loan performance, making it difficult to flag at-risk accounts before they defaulted. - Manual, fragmented collections processes that slowed down recovery efforts and increased exposure. Rather than applying another temporary fix, we built a custom application that gave their team real-time insight into loan performance and streamlined the entire collections workflow, from early warning signs to recovery action. The impact was measurable: - Reduction in non-performing loans - Improvement in collections turnaround time That's the difference between reacting to bad loans and having the tools to prevent them. At McDorcis, we don't build applications for the sake of it. We build solutions that give financial institutions the visibility and control they need to protect their loan books and grow with confidence. If non-performing loans are quietly eating into your margins, it's time for a different conversation. #McDorcis #AISolutions #TechForBusiness #Innovation #AI #DigitalSolutions

According to Velera's sixth annual CU Growth Outlook, 86% of SMBs work with multiple banking partners, and the average business relies on nearly three different financial institutions to meet its banking needs. 😬 For credit unions, that's not just an interesting statistic. It's a major growth opportunity hiding in plain sight. In this article from The Credit Union Connection LLC, discover how CUs can position themselves as the preferred financial partner for SMBs. Winning their business will require more than bringing consumer banking products to the table. Today's business owners are looking for solutions, expertise and experiences that help them run and grow their businesses. The opportunity is there, but are credit unions ready to stop being an option and become the go-to partner? 🤔 Read the full article: https://bit.ly/4eCaQaR ⬇️ Link to the research in the comments below. #CUGrowthOutlook #SMBs #CreditUnions

Did you know that small-and medium-sized businesses (SMBs) represent a massive, largely untapped opportunity for credit unions? Meanwhile, growth isn’t exactly getting easier. CUs are navigating: ✔️ An aging membership base ✔️ Fierce competition from national banks and fintechs ✔️ Rising regulatory and operational costs ✔️ Ongoing industry consolidation 🫠 No pressure, right? That’s where SMBs come in. The SMB market isn’t just another segment. It’s a meaningful growth lever for CUs looking to evolve now and stay competitive long-term. But SMB banking doesn't equal consumer banking. It requires a different mindset, a different model and a more tailored approach. Check out these 🔟 key insights from Velera's new CU Growth Outlook research, which highlights what makes SMB banking fundamentally different and outlines a clear, structured roadmap to help your credit union tap into this opportunity (the smart way). ➡️ Access the full study: https://bit.ly/4p0W42i #CUGrowthOutlook #SMBs #CreditUnions

Credit unions have the trust, but the opportunity is capturing the swipe. 💳 61% of members consider their CU their primary financial institution, and 87% are highly satisfied. Yet when it’s time to pay, credit union cards win less than half of top-of-wallet transactions (48%), compared to 69% for national banks. Why does that matter? Because top-of-wallet members (especially SMBs) don’t just spend more, they deposit more. And for CUs, that makes card preference a growth and retention strategy, not just a payments metric. The latest PYMNTS and Velera playbook, "Consumers Trust Credit Unions but Don’t Always Reach for Their Cards," explores the gap between trust and usage — and the opportunity hiding in every transaction. ➡️ Learn more: https://bit.ly/3SUvKuz #CreditUnions #GrowthStrategy #SMBs

When members relocate, travel, or simply find themselves away from their home branch, Shared Branching helps them stay connected to the credit union they trust. As Laura Heard, Manager of Shared Branching, puts it: “People relocate. It’s a lot easier for them to maintain their membership by offering this service. We’re able to expand your branches without you putting in the necessary cost factors to do that.” Through the CO-OP Shared Branch network, members can make deposits, withdrawals, transfers, loan payments, and more at participating locations nationwide. Watch the video below to learn how Shared Cooperative Services helps credit unions provide greater convenience and access for their members. #SharedBranching #CreditUnions #MemberAccess #COOPSharedBranch #LEVERAGE

This file should have been rejected. Instead, one decision changed everything. Not the customer's income. Not the CIBIL score. Not the documents. The lender. In this edition of Deal Desk, we're breaking down a real (anonymous) case to show how the right lender strategy changed the outcome and what every DSA can learn from it. 👉 Swipe through the carousel. #nobrokerloans #dealdesk #nbloans #homeloans #dsa #loanagent #loanapproval #banking #lending #financialservices

#YourMoney | In March 2026, Gen Z consumers aged 30 or below made up half of all first-time credit card users, with many quickly building balances and taking on additional unsecured loans. As younger borrowers adopt credit cards earlier and accumulate debt faster, experts emphasise the need for managing spending to avoid debt traps and build strong credit. https://mybs.in/2g7in8f #GenZ #CreditCards #FinancialPlanning #PersonalFinance | Sanjay Kumar Singh Karthik Jerome

PNC says it has completed the conversion of FirstBank customers and branches in Colorado and Arizona, a change that matters in Jefferson County because Lakewood was named in the release and local businesses that banked with FirstBank may now be working directly with PNC’s larger network of business banking, lending and cash-management services.