1. Low-Income Credit Unions’ MBL-to-Assets Far Below Cap According to statistics provided by the NCUA, the vast majority of low-income credit unions aren’t exceeding the statutory member business lending cap of 12.25% of assets, even though unlimited MBLs are a much-publicized benefit of LICU status.
Original low-income credit unions that were approved for LICU status before the agency announced a new “opt-in” program Aug. 7 reported 5.8% of their assets were in member business loans as of March 31. Read More
Original low-income credit unions that were approved for LICU status before the agency announced a new “opt-in” program Aug. 7 reported 5.8% of their assets were in member business loans as of March 31. Read More
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