X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Noting that unlike banks, credit unions haven’t sought government help to deal with the effects of the financial crisis, NAFCU today urged lawmakers to bring a measure to raise the cap on member business loans to a vote.

“Not-for-profit credit unions do not need taxpayer dollars to lend to small businesses; rather they only need the removal of the arbitrary and artificial government cap (12.25% of total assets) on member business lending to help our economy. NAFCU believes that the strength of the economy and labor force is strongly influenced by the health and well-being of the small business community. Credit unions themselves are small businesses and in these tough economic times are in a solid position to understand and help fellow small businesses with access to capital issues,’’ NAFCU Executive Vice President Dan Berger wrote to House and Senate members.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.