Bankers may have a few holes in their anti-credit union business lending case if they're looking at Texans Credit Union's recent conservatorship.
CUNA has continued to support expanding credit union business lending efforts, including backing reintroduced legislation from Sen. Mark Udall (D-Colo.) to increase the member business lending cap to 27.5%.
Still, will banking groups that have lobbied hard to stop those measures look to the commercial and business loan losses experienced at the $1.6 billion Texans CU and its conservatorship as proof that credit unions may be in over their heads? CUNA isn't worried.
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