Portland Business Journal Covers Credit Union Lending
April 14, 2015
April 3, 2015
By Erik Siemers
Credit unions, historically, have been known mostly for providing financial services to consumers. Business lending — while a part of the picture — has been a smaller part of the mix.
But that’s starting to change. The numbers below show how Oregon’s credit unions over the past five years have ramped up their interest in lending to businesses.
Since 2010, business loans from Oregon credit unions have increased nearly 25 percent — from $946 million to $1.2 billion last year.
According to Troy Strang, CEO of the Tigard-based Northwest Credit Union Association, the vast majority of all business lending is …
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