$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.
Members of the so-called “silent majority” of credit unions that oppose S. 2231, the bill that would increase the member business lending cap for credit unions, spoke out as banking lobbyists pressed the issue to lawmakers.
CUANY reports a 15% MBL increase in the first three months of 2012.
Businesses with 50 or less employees particularly important for job growth but less likely to benefit from government programs, get loans from big banks.
Looking at even the worst-performing member business lending portfolios, credit unions still have low delinquency rates.
Business lending volume among New York credit unions experienced a 62.3% increase from March 2010’s levels.