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CU System
CUNA on small business radio show Saturday
NEW YORK (3/30/11)--The Credit Union National Association (CUNA) will be among those discussing small business lending issues in a live radio broadcast Saturday afternoon from "The Small Business Authority Studio" at 77WABC Radio in New York. Bill Hampel, CUNA senior vice president of research and policy analysis and chief economist, will participate in the program, "The Small Business Authority Hour," which airs Saturday at 4 p.m. ET, following the Monica Crowley show. The program is hosted by Barry Sloane, CEO/president/chairman of Newtek Business Services, The Small Business Authority, which sponsors the program. The company is a CUNA Strategic Services provider. Joining Hampel and Sloane will be Michael Minerva, senior vice president and Regional Market Credit Executive managing Capital One's market credit executives in New York, New Jersey, Maryland and Virginia. "The credit markets are still very tight," said Sloane. "We are experiencing the deleveraging of the world and U.S. economy. Without credit expansion, the economy has headwinds that are stiff and create conditions that make it difficult to grow a small business in," he added. The show will focus on the recent history, current and future conditions of the credit market for small business, he said. Also, the panel will discuss what small businesses should do to plan for the future and address how this will affect the small business economy and government policy, Sloane added. Listeners nationwide can tune in at www.wabcradio.com and click "listen live." The panel will take questions from independent business owners during the live broadcast from 4;20 p.m. to 5 p.m. Listeners can call 800-848-9222 (WABC) to ask a question. CUNA supports bills in Congress that would raise credit unions' member business lending cap to 27.5% of assets from 12.25%. Raising the cap would create 140,000 new jobs and provide $13 billion in new small business loans, at no cost to the taxpayer.
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