The NCUA’s Board just approved a final rule “increasing the threshold below which appraisals are not required for commercial real estate transactions from $250,000 to $1,000,000.” This rule goes into effect October 22, 2019....more
Business loans have “become a larger share of credit unions’ loans and assets.” Of those credit unions with between $100 million and $500 million in assets, over three quarters are making business loans. Of those with more...more