CUNA said Wednesday in a release it has responded to a letter the Independent Community Bankers of America sent to Senate banking staffers Tuesday that discourages them from supporting S. 2231, the bill that would raise the member business lending cap to 27.5% of assets.

“Congress shouldn’t statutorily increase the cap until there has been time to evaluate how effectively the new (low-income) designation for 676 credit unions has been implemented and if, in fact, it has increased small business lending,” wrote ICBA Vice President of Congressional Relations David Lynch, referring to the NCUA’s low-income initiative launched in August.

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