Thank you for sharing!

Your article was successfully shared with the contacts you provided.

<p>MADISON, Wis. – State Director Ginger Larsen, of the Wisconsin Office of Credit Unions has stipulated in the state’s proposed member business lending rule, higher loan-to-value (LTV) rate levels for development and construction lending than NCUA requires for federal credit unons. The LTV for development loans would be 65-70%, and for combination development and construction loans, 65-75%. With the marketplace demands in Wisconsin being so high, Larsen said the higher LTV levels “will make credit unions more competitive.” The state’s MBL rule would also require credit union staff making MBLs to have five years experience. NCUA requires two years experience for federal credit unions. The NCUA Board will take up Wisconsin’s proposed MBL rule at its next meeting in February. NASCUS invites new NCUA Board members to meeting</p>

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.