TROY, Mich. — Does Target moan if customers are treated poorly at Wal-Mart?
Not likely. In fact, it can easily mean more business. So Michigan Catholic Credit Union is far from sad when members coming in for a business loan report they have been treated with indifference at a big bank.
That's one of the factors that doubled business lending at Michigan Catholic in less than two years, and Jim Schram, vice president of business development, explained that while the credit union may not quite hit the ambitious business lending goals it set for 2008, that's because the credit union is turning down more applications.
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