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.
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