News

BATON ROUGE, La. - The Uffman Group, L.L.C. , a research and consulting firm, has launched a Web-based seminar to help credit union executives design business lending strategies, define credit profiles, and evaluate workflow and automation issues. The first seminar of the series, "Business Lending: A New Paradigm for the...

WASHINGTON - What are federal legislators' track record on voting for legislation that impacts small businesses? The Small Business Survival Committee, a non-partisan, non-profit small business advocacy group, released its annual scorecard that rated how members of Congress voted in 2001 on 12 key small business issues and ranked the...

ARLINGTON, Va. - NAFCU's John Zimmerman remembers the headline in the Jan. 27, 2001 issue of American Banker clearly: "Credit unions no threat to banks, thrifts." The article concerned the findings of the Treasury Department's report, "CU Membership Business Lending" which found among other things, that credit unions are "not...

ARLINGTON, Va. - Reg-relief legislation may not have a chance of making it through Congress this year, but NAFCU is ready to be patient for the time when federally insured CUs will see some relief from the 12.25% of assets cap on member business loans "Member business lending reg relief...

NEW WESTMINSTER, B.C. - Credit unions in Canada don't face the same small business lending restrictions as U.S. CUs, and have been at it longer than CUs here. Their business lending strategies and concerns though, are very similar to those of U.S. credit unions. Westminster Savings Credit Union has been...

EAU CLAIRE, Wis. - If there's one thing Royal Credit Union President/CEO Charles Grossklaus has learned about member business lending since being involved with it for 15 years it's this: you can't be involved with it half-heartedly. You have to be committed 100%. After nearly two decades of making member...