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

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