Losses like the $3 million case involving the SBA and Alabama One can be avoided, experts say.
The Credit Union Association of New York announced the promotion of three employees.
From East and West, Midwest and South, credit union people in the news.
Analysis shows Republican-leaning states particularly affected in areas of home purchasing and student lending.
A Sept. 11, 2013, story in Credit Union Times (Small Business Owners’ Plea to Credit Unions: Earn My Business) reported on a focus group of small business owners, who generally concluded that credit unions are having a hard time serving their needs compared to banks.
Thirteen counties in three states affected by drought this year included in SBA eligibility.
The $1 billion credit union in Corning, N.Y., said at the end of March, total loans stood at $638 million, a 6.2% increase year over year.
Over the last two decades, small and new businesses have been responsible for creating two out of every three net new jobs in the U.S., and the country’s 28 million small firms today employ 60 million Americans–half of the private-sector workforce.