The fight to increase the current 12.25% member business lending cap has been a long and arduous one.
Meanwhile, in the thick of it all, credit unions continued to grow their business loan programs this year and the industry is expected to follow suit in 2013.
According to Callahan and Associates, 65.3% of credit unions with more than $50 million in assets offered MBLs, as of April. The amount of outstanding MBLs was $33.8 million with $200,814 being the average balance.
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