NAFCU leader says while Congress continues to mull MBL reform, the NCUA can help credit unions by modifying its rules.
Over the past few years, credit unions and finance companies have become increasingly important as suppliers of credit to small businesses.
Let there be no doubt that credit unions’ federal tax exemption is something our industry is going to have to fight for in order to keep.
Winslow Sargeant was confirmed as chief counsel for the SBA’s Office of Advocacy by the Senate on Monday.
The sweet spots nestled in some credit union business lending portfolios may be turning sour.
Report author says small business lending continues to be slow, impacting pace of economic recovery.
Over the past 24 years, when banks were pulling back on lending to businesses, it appears credit unions were quietly and consistently stepping in to fill the void.
Between 1986 and 2010, credit unions may have provided extra business loans in response to a reduction in activity from banks.
Micro business loans under $100,000 were down 2.9% during the first quarter, according to the U.S. Small Business Administration.
Comparing small businesses that have previously filed for bankruptcy to those that have not gone down that road, some firms are no more burdened than others by poor cash flow, high health insurance costs or excessive taxes.