Search
 

Wisconsin Business Lending Seesaws Down at Banks

Keeping pace with a national trend, banks in Wisconsin experienced a 15% decrease in business lending in 2009 while the state's credit unions marked a 13% jump last year.

By Michelle A. Samaad | Updated on April 07, 2010

Keeping pace with a national trend, banks in Wisconsin experienced a 15% decrease in business lending in 2009 while the state’s credit unions marked a 13% jump last year.

That’s according to data from the Wisconsin Credit Union League, which reported that the average business loan at CUs statewide was around $170,000, “a pittance compared to the multi-million dollar loans banks typically seek.” If the current 12.25% of asset member business lending cap were lifted, CUs could offer $362 million of new business credit and add 3,937 jobs in Wisconsin in the first year alone, said Brett Thompson, president/CEO of the league.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2025 ALM Global, LLC. All Rights Reserved.