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CU System
PCUA plants MBL info for landscapers
HARRISBURG, Pa. (11/11/08)--The Pennsylvania Credit Union Association (PCUA) sent information about credit unions to the Pennsylvania Landscape and Nursery Association after staff heard landscapers and nursery owners were struggling to get loans for equipment. PCUA sent a letter mentioning credit unions and their desire to help businesses through member business loans (MBLs) and deposit services (Life is a Highway Nov. 11). As of June 30, 6% of Pennsylvania credit unions offered MBLs with an average loan size of $137,483. Nationally, credit unions originated $6.5 billion in business loans during the first six months of 2008. MBLs at credit unions are up 36% from what they loaned during the first six months of 2007, Credit Union National Association Chief Economist Bill Hampel told Business Week recently.
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