MBLs Grow 34% Since 2008, Bank Commercial Loans Down 10%
Despite the highs and lows within the business lending sector over the past decade, credit unions have still managed to show solid member business lending growth.  Read More

Small credit unions with an eye toward business lending are the target audience for two free webinars on the topic announced Wednesday by the NCUA.

The first webinar in the series, “Strategy and Policy,” is scheduled to begin on Tuesday, Sept. 17, at 2 p.m. Eastern. The second, “Underwriting,” will be offered Wednesday, Sept. 25, also at 2 p.m. Eastern.  Read More

CUNA To Congress: Approve MBLs To Ease Small Biz Capital Crunch
Increasing the credit union member business lending (MBL) cap is "one very simple solution to assist small businesses in raising capital," Credit Union National Association President/CEO Bill Cheney wrote in a letter to the U.S. Congress.

The letter was submitted for the record of a House Small Business investigations, oversight and regulations subcommittee hearing entitled "Financing America's Small Businesses: Innovative Ideas for Raising Capital."  Read More

Credit Unions Expect Increase In Lending With Udall’s Bipartisan Legislation Implementation
Sen. Mark Udall will be introducing the “Small Business Lending Enhancement Act of 2013″ as per Credit Union Trade Association. It will help to raise the lending cap to small business from 12.25% of assets to 27.5% of total assets.

This act recognizes the value of credit unions as a key provider of credit to small businesses and provides a level playing ground to the credit unions. Credit unions have increased their funding to small businesses during the recession. Read More

MBL In The News


Udall Reintroduces Bill To Increase CUs' MBL Cap
Sen. Mark Udall (D-Colo.) reintroduced legislation that would increase the credit union member business lending (MBL) cap to 27.5% of assets, from the current 12.25%-of-assets level.

Credit Union National Association President/CEO Bill Cheney thanked Udall for introducing the bill. "Your legislation is a commonsense economic-recovery and job-creation measure that would permit credit unions with experience in business lending to continue to lend to their small business members, without increasing the size of government," Cheney told Sen. Udall.  Read More
Getting a small business loan at a credit union could become easier if legislation that lowers lending caps on the industry finally passes, maybe even this year.

The credit union industry is looking to reform the Credit Union Membership Access Act, a 15-year-old change to the Federal Credit Union Act that restricted total loans from rising above 12.25% of the institutions total assets. Multiple bills in Washington have proposed raising the cap to 27.5% -- but to no avail.  Read More
Member Business Lending
Credit Union MBL Bill Is Reintroduced
Rep. Ed Royce (R-Calif.) reintroduced legislation (H.R. 688) that would increase the credit union member business lending (MBL) cap to 27.5% of assets, from the current 12.25%-of-assets level, and the Credit Union National Association in a letter thanked Royce and co-sponsor Carolyn McCarthy (D-N.Y.) for their action.   Read More

Legislation Would Raise Business Lending Caps For Credit Unions
Two House lawmakers have introduced bipartisan legislation that would more than double the business lending cap for credit unions.

Reps. Ed Royce (R-Calif.) and Carolyn McCarthy (D-N.Y.) would raise the member business lending (MBL) cap to 27.5 percent, up from 12.25 percent of assets for eligible credit unions.  Read More

Congress Gets Member Business Lending Bill Again
The congressional effort to raise the member business lending cap rides again.

"This legislation will not only allow credit unions to lend an additional $13 billion to small businesses, but will create 140,000 new jobs in the process," Royce said. "With a stagnant job market and unemployment rising to 7.9 percent, the Credit Union Small Business Jobs Creation Act is an important step in getting Americans back to work."  Read More
Increasing the credit union member business lending (MBL) cap is "simply common sense," John Arensmeyer, CEO of The Small Business Majority, and Erica Schroder, operations director at R Street Institute, said in a joint Huffington Post column published late last week.  Read More