When it comes to weathering economic downturns, credit unions may have the advantage over banks with their commercial lending activity.
Credit unions' aggregate loan portfolios appeared to be about 25% less sensitive to macroeconomic shocks than those of banks, according to a new study from the Filene Research Institute titled Commercial Lending During the Crisis: Credit Unions vs. Banks.
Among the findings, from 1996 to now, credit union commercial loan growth has been steady and withstood the past two recessions, noted David M. Smith, author of the report and an associate professor and associate dean at Pepperdine University.
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