According to a NAFCU survey, the member business lending cap is having an impact on loan approval, loan participation activity and hiring.
With the past 12 months, 10.3% of participants responding to NAFCU's March Economic & CU Issues Monitor said they had to turn down loans due to the 12.25% of assets MBL cap restriction.
Nearly 14% said they had to turn to a loan participation in order to stay under the cap, NAFCU reported.
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? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
