News

BANGOR, Maine - The $140 million Maine Federal Credit Union was recently highlighted for its member business lending success and other programs in the Bangor Daily News. The credit union, which is the largest in the state with 25,000 members and 300 SEGs, added business lending to its fold in...

WASHINGTON-Lafayette Federal Credit Union President and CEO Michael Hearne, testifying on behalf of CUNA, informed a congressional subcommittee of the problem credit unions' 12.25% cap on business loans poses. The House Small Business Committee's Regulatory Reform and Oversight Subcommittee held a roundtable March 17 on small business regulatory concerns with...

WASHINGTON - Reducing marginal income tax rates on entrepreneurs increases entrepreneurial entry, decreases exit from entrepreneurship, and lengthens the duration of entrepreneurial ventures, according to a recent study released from the SBA's Office of Advocacy . The study, Taxes and Entrepreneurial Activity: An Empirical Investigation Using Longitudinal Tax Return Data...

PLYMOUTH, Mich. -- With the record growth of small businesses, the Michigan Credit Union League will co-host a two-day MBL conference to help credit unions explore courting entrepreneurs. The conference, which is also being sponsored by Walsh College here and the Michigan Council of the Credit Union Executives Society, will...

WASHINGTON - Small Business Person of the Year winners from 50 states, the District of Columbia, Puerto Rico and Guam will here in April to mark the annual celebration of National Small Business Week during SBA Expo '05. One of them will be selected as National Small Business Person of...

Credit unions continue to make strong strides in member business lending. Case in point, the $640 million Evangelical Christian Credit Union saw the most member business loan activity in 2004 with $674 million on the books at the end of the year. MBLs are also contributing more to the total...