Congressman Pete Aguilar (D-Calif.), the former Mayor of Redlands, said he supports the member business lending and supplemental capital bills pending in Congress.
The Credit Union Small Business Jobs Creation Act would raise the credit union member business loan cap from 12.25% to 27.5% of assets for eligible institutions.
The Capital Access for Small Businesses Act would let the NCUA board permit credit unions to accept other forms of capital, as long as the board's action does not alter the cooperative ownership structure of credit unions.
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