EL PASO, Texas (4/15/08)--There is only one solution to today's economy woes that doesn't involve a single dollar of tax money or rebates: credit unions. So says an opinion/editorial in the El Paso Times. The op-ed item was written by Imelda Loya, president of the El Paso Chapter of Credit Unions (El Paso Times April 13). In it she notes that access to credit is getting tough, especially for small businesses needing capital. She cites the story of Graciela Frescas, whose family operated an in-home daycare that was becoming increasingly popular. When it wanted to build a full-fledged daycare center, the family sought credit and was turned away by more than a dozen banks. West Texas CU, however, came through with a loan. Grammie's Daycare now employs 30 people, takes care of 130 children, and the family is about to open a second location. The article discusses how loans for small businesses has dried up and that credit unions could help, if they weren't capped at 12.25% of assets. It urges Congress to remove the arbitrary business lending cap and let small business lending take off through credit unions. "A stimulus package is one step to help get the nation on track. But to really get our economy off the starting line and back in the running, Congress must release power of not-for-profit credit unions," wrote Loya, adding, "Especially when other lenders are taking a pass on the race."