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"I hope the Small Business Committee knows the SBA is working in good faith to have a new accounting system in place by April. Congress should keep an eye on this project. We intend to satisfy their concerns." -Mike Stamler, spokesman for the Small Business Administration, commenting on the GAO...

By Staff Writer | Updated on January 21, 2003

“I hope the Small Business Committee knows the SBA is working in good faith to have a new accounting system in place by April. Congress should keep an eye on this project. We intend to satisfy their concerns.” -Mike Stamler, spokesman for the Small Business Administration, commenting on the GAO report on the SBA’s accounting anomalies and loan asset sales. “We thought we had to take some sort of action to lower the barriers of entry to expose members and credit unions to the product. Aggregation will never be successful if you don’t get the availability to the member. The cost and value proposition has been questioned at the financial institution level.” -MEMBERS Development Company CEO John Henry on the company’s pricing changes that it is counting on to spur more interest in aggregation. “The bottom line is that defense credit unions are always training alongside their members, getting ready to help in just this sort of circumstance. We train in peace to be ready for war.” -

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