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News Now

CU System
CU local biz to provide jobs throughout Northwest
ST. HELENS, Ore. (12/8/10)--St. Helens Community FCU, recently partnered with Northwest Structural Moving, Scappoose, Ore., to finance business loans for the purchase of specialized moving and rigging equipment. Loans such as these make possible the projects that Northwest Structural Moving is involved in, such as moving the 75-ton navigational lock to The Lower Monumental Dam on the Snake River, said the credit union in a press release. “Projects like this one help keep our Columbia County-based employees working all over the Northwest,” said Christy Settle, co-owner of Northwest Structural Moving. St. Helens Community FCU has $160 million in assets. The Credit Union National Association (CUNA) and credit unions have proposed lifting member business lending (MBL) limits for credit unions from the current 12.5% of assets to 27.5%. CUNA has estimated that lifting the MBL cap could create over 100,000 new jobs and inject over $10 billion in funds into the economy at no cost to taxpayers (News Now June 30).


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