July Shows Surge in Consumer Borrowing

A September 9, 2019 article in apnews.com written by Martin Crutsinger describes how consumer borrowing in July, 2019 was the highest in two years.

This is good news for credit unions so long as they are participating in the loan growth, risk is being managed and lending is profitable.

TCT’s Risk Based Loan Pricing and Credit Migration tools assure loan risk is managed and priced appropriately.