To Maximize Growth, Avoid These MBL Inefficiency Sources
Eliminating sources of inefficiencies will prove beneficial to credit union employees and small business members.
Small businesses are among the most valuable members for credit unions. However, credit unions oftentimes process member business loans the same way they would process large commercial loans, resulting in MBL inefficiencies. These inefficiencies not only reduce profit margins in the portfolio – they can also negatively impact the member experience.