ARLINGTON, Va. — Despite a continued legislative push to raise NCUA's member business lending cap to 20%, some credit unions are saying the current 12.25% asset cap has not been an impediment to their MBL efforts.

According to NAFCU's September Flash Report, 92% of the 150 credit unions polled said they've managed to continue offering MBLs under the 12.25% asset cap. However, of the credit unions that answered that the cap was a constraint on member business lending, 33% indicated that they denied a member a business loan due to the asset cap.

Some credit unions with active business lending programs have found that having a higher MBL cap would alleviate any cap concerns should they want to go further, said Jeff Taylor, NAFCU senior staff economist.

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