Council also serves Cornerstone League member credit unions.
Minnesota CUSO says correspondent and retail lending both showing payback improvements.
Sen. Mark Udall (D-Colo.), primary sponsor of S.2231, which would increase the member business lending cap to 27.5% of assets, received loud cheers as he spoke in favor of the legislation to about 500 gathered in Washington Nov. 27 to hike the hill in favor of the bill.
The Tuesday night reception drew lawmakers, credit unions and business owners and kicked off CUNA’s latest Hike the Hill.
Even in a still-recovering economy, financing may not be that hard to come by if entrepreneurs follow a checklist of items credit unions look for.
A year after CU Companies launched a secondary market option for funding mortgages, the CUSO said 33 partners have signed on.
Despite having a small percentage of business members, some credit unions believe they are now better positioned to grow their penetration in the small business market than they were prior to the start of the financial crisis a few years ago.
Aite Group says a new survey shows that about one-fifth of credit unions are better positioned now than a year ago to penetrate the small business space.