The business lending CUSO Michigan Business Connection said it recently reached $250 million in its servicing portfolio.
Agency seeking comment on proposal that would potentially allow 12,900 more firms to become eligible for its loan programs.
SNL Financial tracking firm says total loans were $27.48 billion then, $41.64 billion in second quarter 2012.
Small bank trade pushing hard for Congress to extend FDIC coverage of noninterest-bearing transaction accounts before it expires Dec. 31.
Lobbyists working on small business package that would combine credit union member business lending cap hike and bankers' TAG extension.
ICBA sends letter to Congress seeking extension of FDIC TAG insurance beyond Dec. 31 deadlines, cites concerns about concentrating assets.
The bank lobby took the opportunity Friday to point to a credit union failure as a reason to keep the current MBL cap.
Coming from the banking industry with nearly 30 years of experience, Terry McHugh said it never ceases to amaze him on just how different credit unions are.
Spring rains don't prompt sprout in business loan approvals.
Thanks to funding from Bethex Federal Credit Union, a member was recently able to purchase the building that houses South Bronx businesses.