San Jose-based credit union closed several high-profile commercial loans in 2013, including $10M renovation of landmark hotel.
Protection of the credit union tax exemption tops the list, followed by secondary mortgage market reform.
Maryland credit union CEO testifies on MBL bill to House panel on Thursday.
Regulatory updates, commercial lending, economic trends were on the agenda.
Now that the NCUA board has approved a proposal that would require all CUSOs to file financial reports directly with the regulator and the appropriate state supervisory authority, some CEOs of member business lending CUSOs have weighed on what the the changes may mean for their operations.
PCUA says member business lending up 24.4% over the past year.
Lenders need to be prepared for continual and often rapid shifts in the economy.
CUBG's Larry Middleman says, "This has been one of the most amazing 10-year cycles in history."
Chelsea, Mass., credit union touts 38% growth in loan portfolio in past 18 months.
More than 800 credit unions have signed up as low-income credit unions in the year since the NCUA launched its ongoing LICU initiative.