New Bill Introduced to Raise Business Lending Cap
A new bipartisan bill introduced to the House this week would raise the business lending cap for credit unions from $50,000 to $100,000, Emily Claus reports.
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.
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.
