A veteran bond and commercial finance expert said credit unions can find opportunities to create new streams of income without necessarily creating new risk.
Tim Thomas, vice president of lending for the $75 million Credit Union of the Rockies in Golden, Colo., outlined his ideas in a report, "Five Ways to Ramp Up Fee Income: A White Paper for Community Credit Unions."
Thomas, a specialist in low-risk investment for financial institutions, recently joined the 9,000-member credit union and said he is now working to set up its involvement in Small Business Administration guaranteed and participation loans.
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