Sen. Mark Udall (D-Colo.) will try to make his legislation to raise the MBL cap to as much as 27.5% of assets an amendment to the bill currently pending in the Senate to fund the Small Business Administration.
For San Antonio, Texas-based Generations Federal Credit Union, helping out members has meant making the sorts of loans it had never made before or had even contemplated making.
1st Advantage Federal Credit Union, Yorktown, Va., received a Green Award from the Newport News Green Foundation for its Denbigh branch.
The SBA said credit unions and other lenders will be able to get the information they need faster when the agency revamps its entire website this fall.
Honoring small business owners of the year, President Obama recently urged Congress to pass two major programs to increase lending to small businesses.
Aggressively seeking the membership of small businesses has not traditionally been a strategy for most credit unions.
While credit union representatives each had their five minutes of fame at the House Financial Services and Small Business Committees' hearing on business lending, that was about all the attention they received.