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.
Overregulation is not just choking credit unions, it is choking our economy.
Time is money, and entrepreneurs never seem to have enough of both. This is particularly true for small business owners who can spend hours filling out a tsunami of documents to apply for government-backed loans. And when the exhaustive paperwork finally plods through an esoteric loan processing system, all small business...
Northwest FCU first to deploy cloud-based system from North Carolina bank software spinoff. A preview from next week's print edition.
NCUA Chairman Debbie Matz attended an Aug. 7 meeting in the White House’s Roosevelt Room in which President Barack Obama announced that low-income designated credit union lending would be included in the administration’s latest drought-relief package.
Says serving low-income communities has its challenges, but the additional planning and attention to projections and risk management are worth the effort.