<p>ALEXANDRIA, Va.-NCUA Board Member Deborah Matz met recently with Small Business Administration (SBA) Administrator Hector Barreto to encourage the SBA to return to its policy of allowing all credit unions, regardless of field of membership, to participate in SBA’s loan guarantee program. NCUA Chairman Dennis Dollar appointed Matz as liaison to SBA. An agency news release reported that Matz told Barreto that “it seems incongruous to think that credit union members cannot utilize their institution of choice to participate in a government loan program designed to assist small business concerns, when that institution of choice was created by the same government to help their credit needs.” She also pointed out that credit unions are uniquely positioned to aid SBA in working with small businesses that need little capital. To assist in SBA’s decision making, Matz provided Barreto with a table listing 10 other federal assistance programs in which credit unions participate, including those of the Department of Agriculture, the Federal Home Loan Banks, Treasury Department, and others. Barreto was described as noncommittal at the meeting but expressed a desire to work with credit unions.</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

Copyright © 2023 ALM Global, LLC. All Rights Reserved.