Member Business Lending Data Infographics Slide Show Credit Union Times Credit unions have been making member business loans (mbls) since their inception in the early 1900s. in the first 90 years of their existence, there was no cap on business lending. the current cap was imposed by congress in the credit union membership access act of 1998. this arbitrary cap limits most credit unions to lending no more than 12. When i started in credit union business lending in 2001, the numbers to live by were 12.25, 80 and 100. credit unions were strictly limited to 12.25% of assets in total member business loans, the.
Member Business Lending Data Infographics Slide Show Credit Union Times Free unlimited access to credit union times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and. National and state. key credit union performance ratios and statistics since 1991. state trends. state trends excel. medians. medians excel. high level membership and balance sheet data since 1930. state long run financial trends. We strongly support credit union member business lending (mbl) and have testified before the senate banking and house financial services committees stressing the importance of this issue. we applaud congress for strengthening mbl with the passage of the economic growth, regulatory relief, and consumer protection act (s.2155). nafcu continues to. The member business loan expansion act, h.r. 4868, was introduced by reps. vicente gonzalez (d tx) and brian fitzpatrick (r pa). this legislation would lift the definition of the lower end of the amount of a loan that would count toward the mbl cap from $50,000 to $100,000. additionally, the bill would allow the ncua board to set a loan.
Comments are closed.