I once worked with a football coach who regularly said, "You are never as good as you think you are when you win and never as bad as you think you are when you lose." This axiom is the perfect starting point for a review of the commercial lending industry for credit unions in 2023.
Many of us live the day-to-day life of increasing liquidity pressures and interest rates, which obviously has played a role in every aspect of lending. This was the first year since 2019 without some sort of pandemic era induced liquidity excess or low rates. In other words, we are slowly getting back to a "normal" environment. By using the NCUA September 2023 data, we can take an in-depth look into the performance of credit union commercial lending in 2023 compared to previous years. We can also make some prognostications about the future.
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