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An “antiquated and arbitrary” lending cap keeps credit unions from being able to work with community development corporations to offer Small Business Administration loans to companies, Natasha Merz, vice president of commercial lending at Langley Federal Credit Union, told a House Subcommittee Thursday.

During the past six years, small business lending at Langley has grown from $7 million to almost $110 million, said Merz, whose credit union is located in Newport News, Va. and has almost $2.4 billion in assets

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David Baumann


Credit Union Times

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