CUNA Poll Finds Support for Increasing CU Business Lending
An overwhelming majority of voters in congressional districts in eight states said they would want their representative to support raising the cap on member business lending, according to a poll released today by CUNA.
The survey of 1,600 registered voters found that at least 68% of voters in each district--and as much as 77%--said they would have a positive reaction if their U.S. representative fought "against banks to make it possible for credit unions to provide loans to small businesses."
The survey also found that 69% of respondents favored removing the 12.25% cap on member business lending.
CUNA and NAFCU are both lobbying Congress to raise the cap on member business loans but it is unlikely that will happen this year.
"The polling clearly shows that congressional incumbents and candidates will have warm support from voters if they take on the banks in support of more business lending by credit unions," said CUNA President/CEO Bill Cheney.
CUNA surveyed 200 voters in each of eight congressional districts in Colorado, Kansas, Minnesota, Ohio, Oregon, South Dakota, Texas and Washington.