Credit unions could make more loans if the Small Business Administration streamlines its loan approval and evaluation processes and Congress raises the cap on member business loans, Corning FCU President/CEO Gary Grinnell told a House panel.
Corning FCU CEO testifies on the Hill for the second time this month.
Two weeks after appearing before a House subcommitee to endorse raising the member business lending cap, CEO Gary Grinnell will be back to testify at a hearing on SBA loan programs.
NCUA chair tells House panel that raising member business lending cap would help credit unions and small businesses alike.
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.
Member business lending, job creation up for discussion in session with SBA regional administrator.
While credit unions don’t have as many issues on Capitol Hill as they did last year, when lawmakers return from recess after Labor Day, there will be enough subjects that will keep industry officials and lobbyists actively prowling the halls of the Capitol.
In a little over a year since HarborOne Credit Union opened its university-like learning center, Maureen Wilkinson has discovered the unexpected.
This article is just one of the news, features and more that will appear in the Aug. 31 print edition of Credit Union Times.
PORTLAND, Ore. — When the business lending slump was at its peak a few years ago, entrepreneurs who were working with Redwood Credit Union and Orange County’s Credit Union were likely immune to the collapse.