If you haven’t read this report released by Filene Institute, I suggest you do. The researchers, Stuart Hart and Monica Touesnard from Cornell University, have provided us with sustainability initiatives that credit unions and other financial institutions have implemented that have and could “simultaneously benefit members, their communities, and credit unions’ bottom lines.”
The authors analyze these best practice models: green building mortgages; special loans for fuel-efficient or hybrid vehicles; financing and arranging energy conservation upgrades; low-mortgage products; and microlending.
I am interested in starting a discussion on microlending for self-employed members that have start-up businesses or expanding their businesses. Is your credit unions doing microlending and if so, how successful has it been?