$308 million cooperative said status will build small business market share.
Rate of minority business ownership increased to 14.6% in 2012, compared to 11.5% just five years prior.
Los Angeles commercial banker has state, federal government experience.
Advocacy group says SBA loans to minorities, women shrink while big banks tighten up on community businesses.
Cross-border webinar on new program set for Jan. 17.
For its Small Business Administration lending efforts, Langley Federal Credit Union said it was recently named the top credit union in loan production for its district.
Virginia credit union does $1.35 million SBA loan volume for fiscal year ended Sept. 30.
Waived fee initiative effective Jan. 1 and will run through Sept. 30, 2014.
The SBA said Oct. 29 it supported more than $29 billion in lending to small businesses this fiscal year, making 2013 the third highest in lending activity in the agency's history.
Losses like the $3 million case involving the SBA and Alabama One can be avoided, experts say.