Small Businesses Present Opportunities to Serve Your Community
Offering business membership and commercial lending is an opportunity not just for revenue, but also to serve your community. Esteban Camargo looks at the numbers and makes the case for kicking off your business servicing program soon.
Credit Unions and Small Businesses: A Niche Market You May Be Overlooking
As community-focused institutions, credit unions are often seeking more ways to get involved and support the neighborhoods they serve. Route 31 Credit Union’s Nick Green shares insights on a market credit unions should be working hand-in-hand with to build their communities, but tend to overlook: small businesses.
With a Little Help from Our Friends: What Credit Unions Can Do to Prepare for Cannabis Banking Partnerships
As the future of credit unions’ relationship with cannabis businesses lies in the hands of Congress, Stacy Brower details ways for credit unions to prepare for these accounts, should the SAFE Act pass.
Marijuana Banking Bill Introduced in Senate
A bipartisan group of senators introduced legislation that would make it easier for credit unions and banks to provide financial services to marijuana-related businesses, reports David Baumann of the Washington CU Daily.
House Members Introduce Legislation to Lift MBL Cap During Crisis
Reps. Brad Sherman (D-Calif.) and Brian Fitzpatrick (R-Pa.) introduced legislation in Congress that would lift the credit union member business lending cap of 12.25% during the coronavirus economic emergency in order to allow credit unions to make more loans during the economic crisis, reports David Baumann of the Washington Credit Union Daily.
Credit Union Trade Groups Renew Push for Member Business Loan Cap Increase
David Baumann of the Washington CU Daily reports on credit union trade groups who are renewing their call for Congress to lift the credit union Member Business Lending cap, saying the limit is an arbitrary restriction that keeps financial institutions from providing crucial assistance during the coronavirus economic crisis.
