Lending

Raising the cap on member business loans would do much to jumpstart the economy, NAFCU Executive Vice President Dan Berger wrote Senate leaders today.

Calling it a "zero dollar stimulus," NCUA Chairman Debbie Matz today urged the Senate to approve an amendment that would raise the cap on member business loans from 12.25% of assets to as high as 27.5% of assets.

Credit unions and other financial institutions that foreclose on property in the city of Los Angeles will now have to make sure the foreclosed property is maintained while in foreclosure.

CUNA and NAFCU are redoubling their efforts to lobby senators to support an amendment by Sen. Mark Udall (D-Colo.) that would raise the cap on member business loans from 12.25% of assets to 27.5% of assets.

It's been two years since the SBA moved its credit union lender approval process from Washington to its district offices and the shift has produced some notable increases.

Can the NCUA back the effort underway to increase the member business lending cap while at the same time help spot and aid troubled loan portfolios?