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Washington
Baltimore newspaper explores CU MBL cap
BALTIMORE (12/23/08)--A Baltimore newspaper yesterday focused on credit unions’ effort to lift the statutory cap on member business loans (MBLs). The story features Credit Union National Association Legislative Affairs Vice President Ryan Donovan and Maryland and D.C. Credit Union League President/CEO Mike Beall explaining why Congress should lift the decade-old MBL cap. CUNA’s Donovan “estimates a first-year, $10 billion credit infusion from cap removal,” and that “the fastest-growing loans for credit unions are business loans." The Maryland league’s Beall said lifting the cap would help his state’s small businesses. Use the resource link to access the complete story.
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