Trends and Opportunities in Personal Loans

Personal loans represent about 1% of outstanding consumer debt (compared with 6% for credit card debt) which means there’s tremendous opportunity for traditional financial institutions to participate in the growing personal lending space.

Credit unions are well-positioned to serve the growing consumer demand for personal loans because they have the ability, processes, name recognition and member loyalty to do so.

Download this white paper to learn: 

  • 3 primary opportunities CUs can leverage in personal lending
  • Top reasons consumers get a personal loan
  • The impact of COVID-19 on personal loans 

Request Free!

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