creditunions
Q4 2022 hedge fund letters, conferences and more Surge In SMBs Using Local Credit UnionsSo far, 17% of SMBs already have shifted their funds with many more still considering their next move. SMBs affected most by banking instability are leaving major national banks behind, and going hyper-local by moving funds into their hometown credit unions.In fact, comparing where their money was prior to the banking upheaval to where it is now, there was a massive 65% surge in credit union use among SMBs, while there was a 17% downward shift in SMBs banking with big, national money center banks, and a 13%...
ValueWalk
On the heels of an extension of the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) being signed small businesses by President Joe Biden, credit unions continue to be committed to assistacross the country. Q1 2021 hedge fund letters, conferences and more Credit Unions Nationwide Are Serving Small Businesses With PPP LoansMore than 840 credit unions nationwide are serving some of the smallest businesses that are trying to survive during this current round of PPP and economic recovery—facilitating nearly 121,000 loans, or approximately $4.6 billion. The average loan size ...
ValueWalk
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