BIRMINGHAM, Ala. — Among the drivers that could move credit unions to consider converting to mutual savings banks are member business lending restraints, said Dennis Dollar, president of Dollar Associates, a credit union consulting firm.

Dollar recently said the 12.25% member business lending cap and other restrictions may impede credit union growth forcing some of them to start the process rolling on a bank conversion. Field of membership, capital and taxation are other factors that may increase the number of conversions.

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