Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Sen. Snowe invites Maine CUs to small biz event
PORTLAND, Maine (1/17/12)--U.S. Sen. Olympia Snowe (R-Maine) asked the Maine Credit Union League to encourage credit union attendance at today's Facebook for Small Businesses event in Augusta, Maine.  Snowe is slated to be a guest speaker at the event.

The league reported in its Weekly Update (Jan. 13) that Snowe's office contacted the league. Snowe is the ranking member on the Committee on Small Business and Entrepreneurship. Her senior counsel on the committee contacted Quincy Hentzel, the league's director of governmental affairs, to invite credit unions to attend.

Hentzel said the event is a "great opportunity for those credit unions who would like to use Facebook and social media outlets to reach new members and stay connected with current members. " The free event also is a way to keep credit unions visible to lawmakers, she said.

Member business lending (MBL) is a key priority among credit unions. The Credit Union National Association (CUNA) and credit unions have been urging Congress to increase the MBL cap for credit unions to 27.5% of assets from the current 12.25% to help inject more than $13 billion in small business loans into the economy. Doing so would help generate 140,000 new jobs, without cost to the taxpayer, CUNA said.


RSS





print
News Now LiveWire
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
1 Day ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
1 Day ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
1 Day ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
1 Day ago
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
1 Day ago