Minnesota credit unions are now designated as approved financial institutions able to redeposit funds from the state’s cities and counties following the signing of a new law by Gov. Mark Dayton.
Marketing campaign includes website, Facebook contest.
Member business lending, supplemental capital and proposed new CUSO rules were on the minds of nine Minnesota credit union professionals in Washington to hike the hill for Minnesota Credit Union Network.
Minnesota contingent makes Hike the Hill trip to discuss MBL, CUSOs, supplemental capital and more.
Minnesota credit unions and banks were joining forces this week to oppose a retailer-backed interchange bill they described as “very bad legislation.”
The newly-introduced Small Business Lending Enhancement Act provided another opportunity for the Minnesota Credit Union Network to continue its press for raising the member business lending cap.
While some credit unions have experienced losses, it's still may be worth it for them to take a chance on what would happen if the 12.25% of assets member business lending cap was lifted.
Mark Cummins, president/CEO of the Minnesota Credit Union Network, is among the growing chorus of industry leaders urging for the lift of the 12.25% of assets member business lending cap.