The National Association of Realtors has agreed to sign the open letter circulated by CUNA encouraging Congress and the president to increase the amount credit unions can lend to businesses.
CUNA President/CEO said the action was "highly significant," and would strengthen their case, in part because of the Realtors' strong political network. The letter is currently signed by 15 business organizations.
CUNA and NAFCU are pushing for legislation that would raise the amount credit unions can lend from 12.25% of their assets to 25%.
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