Member Business Lending

Access to capital is vital in order to stimulate the economy and help our nation’s small businesses thrive.

Our Position

We strongly support credit union member business lending (MBL) and have testified before the Senate Banking and House Financial Services Committees stressing the importance of this issue. We applaud Congress for strengthening MBL with the passage of the Economic Growth, Regulatory Relief, and Consumer Protection Act (S.2155). NAFCU continues to advocate for and support removal or modification of the MBL cap, as well as increased statutory flexibility for maturity limits on MBL for credit unions.

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How This Impacts You

Credit unions have the capital to help small businesses thrive. However, due to the outdated MBL cap, their ability to help stimulate the economy by providing credit to small businesses is hindered. The amendment to the MBL definition by the NCUA has provided some assistance in better serving our small business communities; however, NAFCU remains diligent in supporting increased flexibility for MBLs made by credit unions. Further modifications or removal of the cap would help provide economic stimulus without costing taxpayers.

What NAFCU is doing

Exclude Veterans’ Loans from the Statutory MBL Cap

Urge your legislators to help credit unions and our nation’s veterans by supporting and cosponsoring H.R. 2305.

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