Shunned by its bank, an 82-year old Iowa grain elevator company was saved from closing its doors for good thanks to a loan from a credit union.
The next time President Obama discusses ways to stimulate business lending he would "provide a critical boost" to credit unions by urging a raise in the cap on member business lending.
NAFCU reminded credit unions they should contact both senators and U.S. House representatives over the congressional break to gather support for increasing the member business lending cap.
Despite a recess in the Senate, CUNA is urging credit unions to continue meeting with senators in an effort to increase the member business lending cap.
The banking industry's push to stonewall attempts to attach an amendment to a bill that would raise the member business lending cap continues to draw the ire of the Wisconsin Credit Union League.
A Supreme Court nomination and energy legislation are taking center stage in the Senate this week, thus putting a job creation bill on the back burner.
The Wisconsin Credit Union League has stepped up its criticism of banks that have stonewalled attempts to attach an amendment to a bill that would raise the member business lending cap.
Partisan maneuvering derailed, at least temporarily, Senate action on s small business lending bill.
Whether they call the pristine greenery of the Pacific Northwest or the rolling hills of New England home, many credit unions share a common approach when it comes to business lending:
Excluding a provision to raise the member business loan cap would cost jobs and therefore CUNA will oppose the small business lending bill without such an amendment, CUNA President/CEO Bill Cheney wrote Senate leaders today