CUs can 'Give a Lending Hand'
WASHINGTON (11/14/05)—The National Credit Union Administration (NCUA) is encouraging credit union staff—active and retired, and especially those with specialized business lending experience—to join in a program to beef up small business loan processing in the Gulf Coast region.
To help Small Business Administration (SBA) officials approve or deny loans for victims of Hurricanes Katrina, Rita, and Wilma, the NCUA said it is joining that agency in encouraging credit unions to participate in the SBA's newly launched "Give a Lending Hand" program.
"The 'Give a Lending Hand' initiative is a great way for those in the credit union community to further assist in the recovery process." NCUA Chairman JoAnn Johnson said in a release.
The program seeks SBA-experienced loan officers from credit unions and banks, who will be hired as Special Government Employees, to assist in processing disaster loans for business owners in the hurricane-affected areas.
Individuals interested in participating in the initiative will be temporarily located at the SBA's Fort Worth, Tex., office for a minimum of 60 days. The SBA will cover all expenses including salary at government rates, travel to Fort Worth, lodging, a per diem for meals, and local transportation. Qualified individuals would take a leave of absence from their current jobs, and employers are not prohibited from supplementing the program participant's salary.
The SBA is also looking for retirees who have left the financial services industry in the last 10 years and who would be interested in becoming a temporary government employee for a minimum of 180 days.
Those interested in participating in the program may contact Allan Hoberman, Director of Disaster Personnel for SBA's Office of Disaster Assistance, at Allan.Hoberman@sba.gov or 202-205-6734.
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