NAFCU Calls on SBA
In its latest push to gather support for increasing the member business lending cap, NAFCU recently called on the SBA to aid in the fight.
NAFCU President/CEO Fred Becker wrote to SBA Administrator Karen Mills asking for her support of H.R. 4191, a bill that would better facilitate credit union lending through the agency.
Meanwhile, CUNA said it is focused on the Senate, and working with legislators to add MBL language to an upcoming Senate jobs bill. The trade association said S. 509, which would increase the MBL cap from 12.25% to 27.5% of assets remains active in the Senate, and has 22 cosponsors. A similar bill, H.R. 1418, has 122 cosponsors.
CUNA and credit union leagues have encouraged supporters to contact their legislators through a credit union action call, according to Ryan Donovan, CUNA senior vice president of legislative affairs.