The $338,447 Queens Cluster FCU is one of the smallest to be approved for 7(a) loans.
Total CU loans grow by 10.6% in one year to support the membership uptick, the agency says.
Kaufman & Canoles lawyers highlight which areas will undergo significant changes this year.
Meanwhile, about half of all small credit unions reporting lending declines in the first quarter.
Credit union reports its cash mob program has exceeded expectations.
While 67% of respondents predicted a 2014 increase in business lending, nearly half said credit availability is unchanged.
Credit unions lag behind other lenders when it comes to commercial real estate staff salaries.
$214M Tennessee credit union sets aside $100,000 to fund start-up loans. Launch party for members featured a social media marketing expert.
New report cites CEO's aggressiveness and risk-taking, compliant board, lax oversight in California credit union failure.
Michigan Business Connection LC said the battle shouldn’t spook credit unions in their efforts to aid to small businesses.