Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Indiana league Businesses need access to credit
INDIANAPOLIS (5/25/11)--U.S. businesses need more access to credit, and credit unions are poised to help them out, the Indiana Credit Union League told IBJNEWS Sunday. Not only do businesses need more credit, they also need more options to find the best rates possible, John McKenzie, president of the league, told the publication. Credit unions are ready and able to provide more member business lending (MBL) that businesses are asking for, McKenzie added. The Credit Union National Association (CUNA) and credit unions are trying to get Congress to increase credit unions’ MBL cap to 27.5% of assets from 12.25%. Doing so would open up more opportunity to offer MBLs, inject $13 billion in loans into the economy and create as many as 140,000 new jobs, with no cost to taxpayers, CUNA has said. About 10 Indiana credit unions do roughly half the state’s credit union lending, and most of those credit unions are approaching the cap, McKenzie told IBJNEWS. The article also mentioned Forum CU, Indianapolis, and how it almost bumped the MBL cap two years ago. To read the article, use the link.
Other Resources

RSS print
News Now LiveWire
Why is a #creditunion a good fit for you? http://t.co/i4pGT98mkT via @MONEY
12 hours ago
The numbers are in: Home Depot data breach impact on #creditunions = $57.4 million, 7.2 million credit/debit cards http://t.co/jorYSOYuxj
13 hours ago
.@Nussle : We'll back off when retailers accept their breach responsibility #NewsNow http://t.co/7WxDXicb6j
16 hours ago
RT @asmarterchoice: RT @daily_finance: Top 5 money management tips for 30-somethings http://t.co/mWRfDRSTE7
16 hours ago
Operational efficiencies focus of new @CUNA program #NewsNow http://t.co/qBYHKVYeQN
16 hours ago