Bill Bynum says the Obama Administration's recent decision to use some funds from the Troubled Asset Relief Program to help community development financial institutions was the result of long consultations with the CDFI industry.
Due to the weekend's record-setting snow fall in the Washington area, the capital region's offices of federal government-including the NCUA-are closed today.
Credit union employees and volunteers who want to know more about some of the biggest compliance issues can register for CUNA's audio conference on compliance issues, scheduled for this Thursday.
Iowa's second largest credit union, the $914 University of Iowa Community CU, is moving ahead this month to merge with the $46 million Best of Iowa Community CU as the Iowa City-based CU seeks a larger footprint in the Cedar Rapids market.
In another effort to jumpstart business lending, President Obama has proposed temporarily increasing the cap on SBA Express loans from $350,000 to $1 million.
