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At a White House briefing yesterday, NAFCU President Fred Becker thanked President Obama for acknowledging the credit union industry’s role in small business lending.

NAFCU has been working with SBA, the congressional committees, the NCUA and the Treasury Department in its efforts to allow credit unions greater involvement in helping to grow the economy. It has also urged lawmakers to raise SBA’s 7(a) loan guarantee to 100%, noting that all federally guaranteed loans are excluded from credit unions’ member business loan cap, which the association is also seeking to increase, the trade group said.

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