Thank you for sharing!

Your article was successfully shared with the contacts you provided.

A bipartisan consensus of economists has told us repeatedly that one of the keys to creating jobs is increasing small businesses’ access to loans. Yet while the economy is inching toward recovery, large and small banks are still reluctant or unable to lend. In every state in the nation, credit unions are ready to make responsible loans. But federal law currently prohibits them from lending more than 12.25% of their total assets. It’s an arbitrary and outmoded cap that’s unnecessarily holding our economy back.

Peter Westerman

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 © 2019 ALM Media Properties, LLC. All Rights Reserved.