Guest: KEITH KOVAL

Discover the credit union trends that are driving success in today’s credit unions. Join host Mark Ritter on Credit Union Conversations as he and Keith Koval explore credit union loan volume growth and business lending participation loans, shaping the industry. This episode explores the evolving landscape of credit unions, highlighting trends that are transforming member services and community impact. Learn how credit unions are thriving in Western Pennsylvania and beyond. Discover strategies to navigate delinquency rates and leverage business deposits to overcome a liquidity crunch. Stay ahead with insights on credit union advertising and community service, driving growth and success.

IN THIS EPISODE:

  • (00:00)  Keith discusses the credit union advertising surge in Western Pennsylvania, boosting the loan volume uptick
  • (05:09) Participation loans up 102%, business loans are up 11% overcoming the recent liquidity crunch, reflecting a positive credit union trend
  • (10:14) Keith notes minor delinquency rates, not major foreclosures, aligning with credit union trends and business deposits up 8%
  • (12:17) Keith emphasizes a lower fee structure at credit unions compared to banks, a key advantage for attracting business deposits
  • (13:25) Mark discusses the rise of security fraud and phishing attacks targeting credit unions, urging vigilance within the credit union industry

KEY TAKEAWAYS:

  • Loan volume surges with repeat and new borrowers, driving credit union trends in Western Pennsylvania.
  • Credit union advertising on radio, TV, and billboards boosts visibility and business lending growth.
  • Participation loans up 102% signal recovery from the liquidity crunch, enhancing credit union stability.
  • Business deposits rise 8%, with a lower fee structure attracting members and supporting community service.

RESOURCE LINKS:

Mark Ritter Website
Mark Ritter – LinkedIn
Keith Koval – LinkedIn

Mark Ritter is the CEO of MBFS and an expert in credit unions and business lending. His primary role at MBFS is overseeing the strategy of helping credit unions assist members with business needs and consulting with credit unions on planning the delivery of services to their membership.

MBFS is a credit union owned organization that supports the business and investment loan programs for 106 credit unions in Pennsylvania, New Jersey, Delaware, Maryland, Georgia, Florida and Alabama. Currently, we service over $2.5 billion in commercial loan balances. 

Keith Koval as the Relationship Manager for the InvestorMatch Program, I specialize in mortgages for 1-4 family residential investment properties, multi-family residential properties (5+ units), mixed-use and commercial properties.

If you are a real estate agent, mortgage banker or loan broker, please contact me to discuss how you can become part of our referral program.

If you are a real estate investor, please contact me to discuss your lending needs.