Credit unions may hit a few bumps with their recreational loan portfolios this year.
Loans for RVs tend to form a small part of a credit union’s overall portfolio. But by offering these loans, institutions can build member loyalty by serving a niche market and garner higher interests and longer terms, according to Credit Union Journal.
But there are concerns that an economic slowdown in 2019 might hurt sales of these kinds of products. That could spell trouble for credit unions that make loans for RV purchases.
