New Bill Aims to Prevent the SBA From Becoming a Direct Lender

New Bill Aims to Prevent the SBA From Becoming a Direct Lender

Republicans have introduced a new bill to congress that aims to scale back the Small Business Association’s lending abilities, leaving a gap for credit unions to fill in the lending sphere. Emily Claus details the contents of the bill as well as CUNA’s endorsement of it.

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Credit Unions Made $5.6 Billion in Loans During Latest PPP Round

Credit Unions Made $5.6 Billion in Loans During Latest PPP Round

As the PPP ends, the SBA reported that this year 859 credit unions made almost $5.6 billion in loans to businesses to help them weather the coronavirus pandemic, reports David Baumann of the Washington Credit Union Daily.

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