Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
CUNA statement urges Senate action on MBLs
WASHINGTON (3/3/10)--The Credit Union National Association (CUNA) continues to encourage legislators to support S. 2919, the Small Business Lending Enhancement Act, calling the member business lending (MBL) legislation "a job creation bill that would not cost the taxpayers a dime and would not increase the size of government." CUNA made the comments in a statement submitted for the record of a hearing Tuesday by the Senate Banking subcommittee on economic policy, entitled “Restoring Credit to Main Street: Proposal to Fix Small Business Borrowing and Lending Problems.” In the statement, CUNA urged support of S. 2919, which would increase the credit union MBL cap from 12.25% to 25% of a credit union’s total assets and would increase the "de minimus” threshold for member business loans from $50,000 to $250,000. CUNA has estimated that the increased MBL cap would free an extra
Click to view larger image Click for larger view


RSS





print
News Now LiveWire
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
12 24 ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
12 23 ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
12 23 ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
12 23 ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
12 23 ago