Is the expansion of commercial lending by credit unions a good thing for the economy?

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THE FEDERAL RESERVE, shown above, has issued a report that anticipates increased commercial lending by credit unions based on the relaxing of rules two years ago. Is that a good thing? / BLOOMBERG FILE PHOTO/ANDREW HARRER
THE FEDERAL RESERVE, shown above, has issued a report that anticipates increased commercial lending by credit unions based on the relaxing of rules two years ago. Is that a good thing? / BLOOMBERG FILE PHOTO/ANDREW HARRER

New regulations that went into effect in January 2017 relaxed the limits on commercial lending that credit unions may do, the latest twist in a long-running conflict between nonprofit credit unions and for-profit community banks. On the whole, is it a good thing that credit unions can do more commercial lending?

Is the expansion of commercial lending by credit unions a good thing for the economy?

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