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Raising the cap on member business loans is risky in light of the problems facing credit unions and would take away businesses from "tax-paying community banks," said Independent Community Bankers of America Senior Vice President Stephen J. Verdier.

The U.S. Treasury Department's Community Development Financial Institutions Fund has recognized five more credit unions and one CUSO as CDFIs.

Keeping the momentum going, Sen. Mark Udall (D-Colo.) is scheduled to speak at the Credit Union Association of Colorado this morning to promote legislation that would raise the member business lending cap.

Credit union employees and volunteers who want to learn more about the impact of the nation's economic difficulties on their balance sheets can participate in CUNA Mutual Group's free Webinar on Feb. 16.

A New York CUSO has launched a credit report service that offers to then match the consumer with credit unions and community banks with the best available loan rates.

If the NCUA's proposed corporate regulations were to take effect as written, the $4 billion Mid-Atlantic Corporate Federal Credit Union would have to replace its entire board.