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
Small-biz-loan demand up Schenk tells CNBC
NEW YORK (7/30/09)--The demand for credit union small business loans is up, a Credit Union National Association (CUNA) economist told CNBC. Mike Schenk, CUNA senior economist, told the network Tuesday that demand for small business loans at credit unions has increased 6% compared with commercial banks. CNBC also mentioned a small business owner who received a loan from a credit union at 0% interest. CUNA provided the news outlet with information that led to the interview. The loan will save business owner Harley Nobli $22,000 in interest per year. “The credit union was able to loan the money when the community and commercial banks were not,” Nobli said. CUNA has said that an increase in credit unions’ member business lending cap--currently at 12.25%--could help the country's economic recovery by providing small businesses with more of the credit they need.
Other Resources

RSS





print
News Now LiveWire
#DDoS attacks shorter, intense, more expensive: @VERISIGN http://t.co/zDFTPgTqQM
34 minutes ago
eCommerce sites at risk of hacking as well http://t.co/q7ANQPfx2g
1 hour ago
As of Friday pm,#CUs, state CU leagues, CUNA & others had sent 1,654 comment letters on the @TheNCUA 's #RBC2015 plan http://t.co/1SKDxE1D5S
1 hour ago
#DDoS attacks can expose weaknesses that cybercriminals can exploit. http://t.co/8HGmDuCV9j
1 hour ago
.@voxdotcom asks: is 2015 the year Congress takes action on patent trolls? http://t.co/4vQ49fVP0W
1 hour ago