Newsroom
October 21, 2014
NCUA plans webinar with SBA, updated exam info
NCUA is planning to hold a webinar jointly with the Small Business Administration and provide additional examiner training and updated exam guidance on SBA programs in coming months, according to the agency's October NCUA Report newsletter.
In the newsletter's Chairman's Corner, NCUA Board Chairman Debbie Matz notes the agency's partnership with SBA to encourage credit unions' use of SBA programs in their member business lending. The piece notes that of 2,250 credit unions offering MBLs, just 367 have outstanding loans with SBA.
NAFCU is also partnering with SBA to promote credit unions' participation in SBA micro-lending. Last week, SBA Administrator Maria Contreras-Sweet, NAFCU President and CEO Dan Berger and Regulatory Affairs Counsel PJ Hoffman met at SBA headquarters to discuss the joint effort.
Berger called SBA an important partner for credit unions in meeting the needs of their member small businesses. Each SBA-guaranteed loan dollar issued by a credit union is excluded from the member business loan calculation, helping credit unions maximize their business lending under the current MBL cap (12.25 percent of total assets).
In the newsletter's Chairman's Corner, NCUA Board Chairman Debbie Matz notes the agency's partnership with SBA to encourage credit unions' use of SBA programs in their member business lending. The piece notes that of 2,250 credit unions offering MBLs, just 367 have outstanding loans with SBA.
NAFCU is also partnering with SBA to promote credit unions' participation in SBA micro-lending. Last week, SBA Administrator Maria Contreras-Sweet, NAFCU President and CEO Dan Berger and Regulatory Affairs Counsel PJ Hoffman met at SBA headquarters to discuss the joint effort.
Berger called SBA an important partner for credit unions in meeting the needs of their member small businesses. Each SBA-guaranteed loan dollar issued by a credit union is excluded from the member business loan calculation, helping credit unions maximize their business lending under the current MBL cap (12.25 percent of total assets).
Share This
Related Resources
The Ride-Share Conundrum: An Exception to an Exception
Business Lending
Blog Post
Taking Care of Business: Recent Developments in Commercial Lending
Business Lending
Blog Post
Marijuana Banking Issue Brief
Whitepapers
Loan Maturity Issue Brief
Whitepapers
Get daily updates.
Subscribe to NAFCU today.