A separate SBA loan approval and repurchase program would be established for credit unions under a new bill.
In its latest push to gather support for increasing the member business lending cap, NAFCU recently called on the SBA to aid in the fight.
Under a new bill, a separate SBA loan approval and repurchase program would be established for credit unions.
For a dozen years, I’ve attended events like NAFCU’s Congressional Caucus and CUNA’s Governmental Affairs Conference. Every year, wise members of Congress play to their audience, smile and shake hands. If there were babies there to kiss at a credit union conference, they’d be doing that too. Politicians stay politicians...
Politicians stay politicians by telling the people what they want to hear. Actually doing something is an entirely different question.
CUNA and NAFCU's PACs supported more winners than losers in the midterm elections, yet CUs still lost some key allies.
Credit union stalwart Rep. Paul Kanjorski (D-Pa.) saw his 26-year congressional career end, yet Senate Majority Leader Harry Reid (D-Nev.) survived yesterday's election which gave the Republicans large gains in both chambers.
CUNA's political action committee made more than $100,000 worth of independent expenditures this week, bringing its total since September to $837,328, according to reports filed with the Federal Election Commission.