We’ve also seen an increase in the percentage of credit unions offering small business loans. The National Credit Union Administration has reported that 94 percent of credit unions with $ million or more in assets offer business loans. Total business loans at federally insured credit unions grew at an annualized rate of 14 percent from 2004 through 2015.
6 Underscoring just how much credit unions are competing directly with banks, particularly community banks, is the recent increase in acquisitions of community banks by credit unions. 7 Credit unions today are much more likely to compete directly with traditional banks offering the full “cluster” of banking products and services than they did  6 7  Member Business Loans; Commercial Lending, 81 Fed.