Measure similar to proposed legislation in House, would raise cap to 27.5% of assets.
Reduction in overhead costs cited as largest contributor to CUSO's recent performance post-Telesis.
LAS VEGAS — Some say credit unions, CUSOs get mixed messages about who's responsible for due diligence in business lending.
New York Democrat said the move would inject much-needed funds into local communities when they need it most.
The NCUA’s Inspector General blamed Telesis Community Credit Union’s former management and board as well the NCUA and California Department of Financial Institutions for the Chatsworth, Calif.-based institution’s failure in a material loss review released March 20.
OIG says agency should amend capital rules to reflect higher risk in member business loan portfolio.
Michigan Business Connection LC said the battle shouldn’t spook credit unions in their efforts to aid to small businesses.
Seeking support for member business lending legislation, MnCUN gets pep talk from Sen. Amy Klobuchar.
Mountain View project with Google as tenant, San Francisco office building bolsters CRE business for Bay Area credit union.
California Republican Ed Royce and co-sponsoring Democrat Carolyn McCarthy of New York bring MBL cap-raising bill back for 2013 session.