More than 500 credit union and small business supporters, representing nearly every state, are blanketing Washington, D.C. to urge legislators to approve U.S. House and Senate bills that would increase the credit union member business lending (MBL) cap as part of a Credit Union National Association (CUNA)-organized National Hike the Hill.
Sen. Mark Udall (D-Colo.), lead sponsor of Senate MBL legislation, welcomed the credit union and small business groups to Washington at a Hike the Hill reception. See more Here
The MBL advocates are meeting with their respective members of Congress and the focus of these visits is the bills that would increase credit unions' current 12.25%-of-assets MBL cap to 27.5% of assets, S. 2231 and H.R. 1418. Read More