The impact of raising the member business lending cap received another national awareness boost through WNPR, the National Public Radio affiliate in Connecticut.
During the NPR interview, Tony Emerson, CEO of the Credit Union League of Connecticut, and Brian Orenstein, president/CEO of the $756 million Charter Oak Federal Credit Union in Groton, Conn., expressed the need for congressional action on raising the MBL cap, saying it would allow for “much-needed small business lending that will strike a positive boost in the local as well as nation’s economy.”
Emerson and Orenstein also noted that seeking credit union charter enhancements such as a higher MBL cap and supplemental capital authority will be priorities for CUNA and the leagues in 2013.
The archived podcast has been posted on the league’s home page for playback.
