It's no surprise that small businesses are becoming more sophisticated and savvy in their use of technology to expand their businesses – and they’re expecting their credit unions and banks to keep up with their demands.
The urgency to raise the MBL threshold is just as fresh when the current bill debuted last year on Valentine's Day.
The urgency to raise the MBL threshold is just as fresh as when the current bill debuted last year on Valentine's Day.
Whether it's a question about member business lending or which activities CUSOs are allowed to engage in, CUSO executives said the NCUA's guidance letters have long been a go-to for answers and regulatory interpretations.
Agency handles growing number of requests as compliance gets more complicated.
The increasing popularity of crowdfunding to raise capital for small businesses could actually complement credit union business lending, not compete with it, said one industry expert.
Michigan Business Connection LC said the battle shouldn’t spook credit unions in their efforts to aid to small businesses.
Surrounding the chocolates, roses and love-filled greeting cards that made the rounds in Washington on Valentine’s Day, was an announcement from Rep. Ed Royce (R-Calif.) re-introducing a bill that would increase the member business lending cap from 12.25% of assets to 27.5%.
Participation loans also seen as way to boost business as member business lending cap hike reintroduced again in Congress.
Nearly a year after Michigan CU Capital launched a statewide lending brand that would connect small businesses to credit unions, the effort has added another level to increase its exposure.