Dayton Business Journal...
Small business lending up 20% at Ohio credit unions
Tuesday, July 19, 2011 

Small business lending by Ohio credit unions was up 20 percent during the first quarter of the year, according to a recent report. 

During the first quarter, Ohio credit unions originated $28.4 million in business loans, up 20 percent from $23.7 million during the first quarter of 2010, according to the Ohio Credit Union League’s Quarterly Performance Summary. Loans were originated by 101 of Ohio’s 384 credit unions. 

As of March 31, credit unions reported outstanding business loan balances of $386.6 million, up 8.3 percent from the previous March. 

“Ohio small businesses are in need of credit to help them sustain, grow, and create jobs. Credit unions are in a strong position to lend, and have embraced the need,” said Paul Mercer, OCUL president, in a news release. 

Credit unions are not-for-profit financial institutions. 

Wright-Patt Credit Union Inc. is the largest credit union in the Dayton area, followed by Universal 1 Credit Union Inc. , International Harvester Employee Credit Union , Day Air Credit Union Inc. and River Valley Credit Union Inc. 

Read it at Dayton Business Journal