U.S. Department of Treasury building U.S. Department of Treasury building. (Source: Shutterstock)

Late last week, NAFCU and Inclusiv sent a joint letter to the Department of the Treasury in response to the Treasury’s notice and request for information concerning the State Small Business Credit Initiative (SSBCI) to encourage insured credit unions that are CDFI and MDI certified to take part.

In the letter, penned by Inclusiv President/CEO Cathie Mahon and NAFCU Senior Regulatory Affairs Counsel Kaley Schafer, the two groups pointed out the support and concerns of the SSBCI program.

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Michael Ogden

Editor-in-Chief for CU Times.

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