NCUA Announces MBL Webinars for Small CUs
The first webinar in the series, “Strategy and Policy,” is scheduled to begin on Tuesday, Sept. 17, at 2 p.m. Eastern. The second, “Underwriting,” will be offered Wednesday, Sept. 25, also at 2 p.m. Eastern.
Employees from the NCUA’s Office of Small Credit Union Initiatives and Region IV’s Division of Special Actions will explain the agency’s requirements for a successful member business lending program. Webinar participants will also hear from a credit union business development specialist who will discuss, step-by-step, how to start a safe and sound program.
“Prudent member business lending is an important investment in communities, and it strengthens a credit union’s balance sheet,” Chairman Debbie Matz said. “Credit unions are frequently the only lenders willing to make small loans to expand a car repair shop, start a daycare center or open a corner bodega. Member business lending also diversifies credit union portfolios and improves their ability to withstand economic cycles.”