Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
IHuntsville TimesI More small businesses look to CUs
HUNTSVILLE, Ala. (2/15/10)--More small businesses nationwide are looking to credit unions to obtain business loans, The Huntsville Times said Friday. “Nationwide, credit unions’ small-business loans are up from less than $10 billion at the end of 2003 to more than $35 billion last September, according to the Credit Union National Association’s chief economist in a recent Washington Post story,” wrote author Marian Accardi in the Times. The article noted the efforts of Redstone FCU in Huntsville, Ala., in working with a young local company to secure a loan backed by the Small Business Administration. The business development support company needed a loan to set up a proposal center in its office and to build software applications to support government contractors, the paper said. The average small-business loan for credit unions is $159,000, Patrick La Pine, president/CEO of the League of Southeastern Credit Unions, which represents 322 credit unions in Alabama and Florida, told the paper. “We're not building strip malls or large development,” he said. Tighter credit has left small businesses “starving for capital,” he added. To read the article, use the link.
Other Resources

RSS print
News Now LiveWire
#FreeGasFriday courtesy of @tvfcu, TN #creditunions http://t.co/wDRFYJVlpz
10 hours ago
If you were unable to watch or attend @cuna 's @thehill Hill forum on Wed., you can now watch the archived version: http://t.co/FhUnp7HbU8
11 hours ago
Time is running out. If you haven't taken the #NewsNow readership survey, please click here now: http://t.co/4Gp6C2Wa4o
11 hours ago
African financial inclusion possible with mobile money: @IMFNews study http://t.co/0V5DTQToxY
12 hours ago
Louise Herring's birthday is Saturday. 105 years later, her legacy lives on through her kids http://t.co/oMqGADmo0d http://t.co/T3NmS9NqEY
13 hours ago