Wednesday, March 18, 2020

WI CU Regulator Removes MBL Cap for Community First CU

The Wisconsin Office of Credit Unions approved an application of Community First Credit Union (Neenah, WI) to remove the aggregate member business loan (MBL) cap, according to the Office's Credit Union Activities Report.

The credit union applied for the removal of the cap on December 9, 2019.

On January 14, 2019, the member business loan cap for Community First CU was increased to 25 percent of assets.

As of December 2019, the credit union's member business loan to asset ratio was almost 16 percent.
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