The Senate Small Business and Entrepreneurship Committee is scheduled to hold a confirmation hearing tomorrow for Karen Mills to be the next administrator of the Small Business Administration.

Thursday's G-20 meeting could have implications for U.S. credit unions, said Dave Grace, World Council of Credit Union vice president of association services.

The chairman of Central States Mortgage Co. said the firm, which filed for bankruptcy last week, produced "years of very good earnings for many small Wisconsin credit unions, a fact that should not be overlooked."

NCUA's borrowing authority would be raised from $100 million to $6 billion and it would receive an additional $18 billion in emergency borrowing authority under an amendment that the Senate Banking Committee is scheduled to consider.