Cover for the PYMNTS and PSCU May 2023 “Credit Union Tracker: Bolstering Credit Union Membership With Superior Lending Options”

Economic Downturn Highlights Credit Unions’ Lending Advantages

Bolstering Credit Union Membership With Superior Lending Options

University of Illinois Community Credit Union’s Kate Rogers says that favorable lending rates on everything from car loans to mortgages and a reputation for helping members attain financial wellness means that CUs are uniquely positioned to shine when the economy is down. Read more in the May “Credit Union Tracker®,” a collaboration with PSCU.

Inside the May Tracker

  • An insider explains how CUs can come out on top as lenders in challenging economic times.
  • A new CFPB rule requires more small business data reporting from lenders in an effort to detect discrimination and inform regulators and other stakeholders.
  • Whether they are considering leaving a CU or another FI, potentially mobile borrowers are motivated by finding the best rates and terms.

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