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If there was ever an argument that member business lending is good for credit unions, it’s in the state of North Dakota. Of the Peace Garden state’s 23 state-regulated credit unions, about two-thirds were originally chartered to provide communities with agricultural buSiness loans, said North Dakota Department of Financial Institutions Commissioner Bob Entringer. Because of that original charter, those credit unions are exempt from the current member business lending cap of 12.25% of assets, he said.

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