Board of Directors
Become a NAFCU Member
NAFCU Employment Opportunities
Together we are strong. Join NAFCU now and get 1/2 off your 2015 membership dues.
Watch the Video
Legislative & Regulatory Issues
Annual Privacy Disclosure Notices
CFPB's Qualified Mortgage Definition
Credit Union Tax Exemption
Defense Credit Union Issues
Housing Finance Reform
Member Business Lending
Regulatory Comment Letters
Legislative Policy Letters
Beltway Buzz Enewsletter
The Regulatory Affair Enewsletter
Grassroots Action Center
Make an impact with your Senators and Representatives at NAFCU’s Congressional Caucus.
Regulation & Compliance
Contact the Compliance Team
Compliance Resources Search
CFPB Mortgage Rules Compliance
Monthly Compliance Enewsletter
Quarterly BSA Enewsletter
Book of Answers
Compliance GPS Manual
NAFCU Compliance Blog
Additional Compliance Resources
Compliance Certification Program
Become an NCCO
Purchase or Retake Exams
Maintaining Your NCCO
Submit Non-NAFCU Programs for Credits
NCCO Program Frequently Asked Questions (FAQs)
NCCO Compliance Support Package for State-Chartered CUs
Get critical credit union training at the new Risk Management Seminar in August.
Data & Research
Economic & Credit Union Industry Trends
CU Industry Trends Quarterly Report
Economic and CU Research Enewsletter
Macroeconomic Data Flash Reports
NAFCU Annual Report on Credit Unions
Credit Union Federal Tax Exemption Study
Participate in Credit Union Research Surveys
Measure Your CU Financial Performance
Credit Union Capital Management Tools
CU Data & Research Publications
Economic Data & Forecast Web Links
New Economic and CU Monitor Enewsletter reveals data on prepaid cards and 2015 outlook.
Education & Conferences
Strategic Growth Conference
Regulatory Compliance School
CEOs and Senior Executives Conference
Board of Directors and Supervisory Committee Conference
Annual Conference and Solutions Expo
Risk Management Seminar
Management and Leadership Institute
Regulatory Compliance Seminar
Online Training Center
Live and On-Demand Webcasts
Compliance Webcast & Online Training Subscription
Board of Directors and New Staff Online Training Subscription
Management and Leadership Series
Online Training Center All Access Pass
Certification & Training Certificates
NAFCU Certified Compliance Officer (NCCO) Program
Financial Literacy Training Certificate
BSA Training Certificate
Supervisory Committee Training Certificate
Credits for CPAs
Advertise & Exhibit
Save $200 on any conference with code HOLIDAY before Jan. 9!
About NAFCU Services
Preferred Partners A-Z
Growth and Retention
Financial and Insurance
Infrastructure and Operations
Training and Compliance
Live Webinar Schedule
NAFCU Services Blog
Become a Preferred Partner
Browse free educational resources for credit unions.
Visit the Partner Library
SBA plans tools to reduce lenders’ costs
SBA plans tools to reduce lenders’ costs
SBA Administrator Maria Contreras-Sweet announced two initiatives aimed at helping cut costs for credit unions and other small lenders in the 7(a) program.
June 11, 2014 – Maria Contreras-Sweet, head of the Small Business Administration, on Tuesday announced two initiatives that are expected to reduce the costs for small lenders, including credit unions participating in SBA 7(a) loan programs.
Beginning July 1, SBA will start making its total credit score available to all lenders for loans amounting to less than $350,000. This replaces the requirement for lenders to conduct a cash flow analysis and debt service coverage determination, in turn helping those lenders save time and money. SBA says this is aimed at helping small lenders such as credit unions and community banks and that it is projected to boost loan volume.
Early next year, SBA plans to roll out a new, automated 7(a) loan guarantee platform that SBA expects will save lenders up to $5,000 per loan issued. The platform provides one set of forms, services and data management to SBA’s lending partner network. SBA says the initiative should make it easier for credit unions to gain economies of scale required to compete with larger lenders.
NAFCU works closely with SBA to promote ways to maximize credit unions’ participation in SBA’s 7(a) loan program. Loan amounts guaranteed by SBA are excluded from credit unions’ member business lending cap.
NAFCU Regulatory Affairs Counsel PJ Hoffman attended
, which Contreras-Sweet delivered before a meeting of the Center for American Progress.
CU Industry Trends displays 1Q strengths
CFPB transparency bills in mark-up today