Here's where you can learn more about raising the member business lending cap for credit unions and how it can help the economy, small businesses, and job growth.
Open Letter to Congress: #RaiseMBLCap
Credit unions ask Congress to raise the cap on member business lending: supporting the economy & small businesses.
MBL Open Letter ad to Congress that demonstrates the bipartisan support, from numerous organizations, that credit unions have in favor of raising the member business lending cap with S. 2231 and H.
The 187 member U.S. Conference of Mayors passed a resolution in support of raising the member business lending cap for credit unions. The Small Business Lending Enhancement Act of 2011 (S.2231, H.R.1418) would create 140,000 jobs in the first year. It was a no-brainer for mayors across the country to express their support of this legislation.
My latest work for My Generations FCU The bill, S. 2231, titled the “Small Business Lending Enhancement Act of 2012” would raise the total amount of small business loans a credit union could issue from 12.25% of a credit union’s total assets to 27.5%. Economists estimate this bi-partisan bill would create 140,000 jobs and infuse $ 13 billion into the economy… at zero cost to taxpayers. #polotics Read the full article here…
Our numerous coalition partners shows a wide range of bipartisan support for raising the member business lending cap for credit unions.
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