Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Cheney CUs can do more small biz lending
NEW YORK (7/30/10)--Credit Union National Association (CUNA) President/CEO Bill Cheney took another opportunity to advocate for increased member business lending in an article in Bloomberg Business Week Thursday. Credit unions are lending--but they can do more, Cheney emphasized. CUNA supports lifting the lending caps on credit unions’ assets, currently at 12.25%, and the group's new CEO has been featured in a variety of publications since taking the CEO position on July 5. Cheney said if the cap was raised to 25% of assets, credit unions could provide $10 billion in lending to small businesses, which could create 108,000 new jobs in the next year. The U.S. unemployment rate fell to 9.5% from 9.7% in May, Bloomberg noted. Companies with fewer than 500 workers employ about half the working population and account for 60% of gross job creation, the publication added, citing Federal Reserve Board Chairman Ben Bernanke.
Other Resources

RSS





print
News Now LiveWire
Final field-of-membership rule tops April 30 NCUA agenda http://t.co/gFIhRhUCts
1 day ago
.@CUNA's @Nussle speaks to @VonnieQuinn about #StoptheDataBreaches and reg. relief. http://t.co/TMTubG9Afk
1 day ago
RT @NCUFoundation: .The Foundation's @hylandhighway with @NatlJumpStart President/CEO Laura Levine at #FLHillDay2015 today: http://t.co/ep5…
1 day ago
Seriously underwater homes rise, new-home sales tumble News Now: http://t.co/2LzWTkqnES
1 day ago
#NewsNow Cornerstone Foundation awards $71K in grants http://t.co/Y6D8K9rwWv
51 minutes ago