BEAVERTON, Ore. (8/10/09)--Rick Hein, president/CEO of OSU FCU in Corvallis, Ore., testified Aug. 4 on member business loans (MBLs) before a congressional subcommittee at the invitation of U.S. Rep. Kurt Schrader (D-Ore.). Hein testified at a field hearing in Salem of the U.S. House Subcommittee on Finance and Tax about how credit unions can help small businesses access capital. Hein said the 12.25% cap on MBLs needs to be removed because it has no economic, safety and soundness, or historical rationale. Credit unions could make up to an additional $10 billion in business loans in the first year if there were no lending cap, Hein said, citing Credit Union National Association statistics. “Removal of the cap on member business lending could be a significant step toward getting capital flowing again in our region,” Hein said. H.R. 3380, the Promoting Lending to America’s Small Businesses Act, was recently introduced in Congress. The bill would raise the MBL cap to 25%. The bill also would raise the “de minimus” threshold for a loan to be considered an MBL and exempt loans made to non profit religious organizations and in qualified underserved areas.