Sunday, October 9, 2011

Not All CUs Want Expanded Business Lending

Not everyone in the credit union industry is eager to see an expansion in the business lending powers for credit unions.

Check out these two recent blog posts on 1st Thought on Everything Credit Union about member business lending, especially since there is a hearing on Wednesday, October 12 on increasing the business lending authority of credit unions.

The first blog posting focuses on Telesis Community CU. This credit union was one of the biggest advocates for greater business lending authority and has seen a sharp deterioration in its financial performance due to bad commercial loans.

The second blog post is on "Not Everyone is Whacky About MBL."
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