In 2011, credit unions granted nearly $12 billion in memberbusiness loans, setting a new record high, based on fourth-quarterdata from the NCUA, NAFCU reported Thursday.

The news comes during National Small Business Week, which marks the achievements ofsmall businesses in helping to create jobs and aid the economy.

NAFCU President/CEO Fred Becker said the record is a noteworthymilestone considering that credit unions have provided nearlydouble the amount of funds to small business that Bank of Americaclaims to have done in their new ad campaign.

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