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CU Assisting Small Business Owners Through Workshops

AUSTIN, Texas (6/27/13)--A+ FCU, Austin, Texas, is supporting its local business community by offering a free small business workshop series in July.

Presented by community leaders and small business owners, the workshops will focus on important considerations for business owners and prospective owners, including establishing a small business, taxes, financing options, and minority- and women-owned small business certifications.

"A+FCU has a desire to empower and support our small business community," said Kerry A. S. Parker, CEO. "This is one more opportunity for us to help people achieve their dreams through life-long financial partnerships."

Workshop topics include:

  • July 11--"Top 10 Lessons Learned Establishing a Small Business and Business Tax Matters";
  • July 18--"Financing Options for Your Small Business: Traditional and Non-Traditional Loans"; and
  • July 25--Minority- and Women-Owned Small Business Certifications."

Credit unions maintain they can do even more for small businesses if the cap on their member business loans were lifted. In Congress, separate House (H.R. 688) and Senate (S. 968) MBL bills have been introduced to increase the credit unions' member business lending cap to 27.5% of total assets from 12.25%. The Credit Union National Association has estimated that lifting the MBL cap would create 140,000 jobs and inject $13 billion in new funds into the economy, at no cost to taxpayers.

Fostering service excellence is one of three components driving credit unions' national campaign, Unite for Good, which strives to achieve CUNA's strategic vision for credit unions, where "Americans choose credit unions as their best financial institution.

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