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News Now

Washington
Sorgatz to testify on CU business lending
WASHINGTON (4/29/08)—Carl Sorgatz, president/CEO of Hawthorne CU, Naperville, Ill., is scheduled to testify on behalf of the Credit Union National Association (CUNA) Wednesday on “The Effect of the Credit Crunch on Small Business Access to Capital." Sorgatz is expected to review for the House Small Business Committee the important role credit unions play through member business loans in stimulating the expansion of small businesses in their communities. Sorgatz also will likely outline the beneficial effect that has generally on the U.S. economy. The hearing is a second in a series being held by Chairman Nydia Velasquez’s (D-N.Y.) small business panel.


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