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CUNA Steps Up Pleas to Increase MBL Cap

Days after President Barack Obama announced a proposal that provides incentives to community development credit union to help small businesses, CUNA continued to call for increased member business lending authority.

By Michelle A. Samaad | Updated on October 22, 2009

Days after President Barack Obama announced a proposal that provides incentives to community development credit union to help small businesses, CUNA continued to call for increased member business lending authority.

“I believe the Administration and Congress should support small business and take steps to ensure credit is available to them which will promote oncoming recovery,” Mica wrote. “With all due respect, however, an important element is missing. That is, support for increased member business lending at credit unions-a step that would boost our economy as well as help local communities through the country,” wrote CUNA President/CEO Dan Mica in an Oct. 22 letter to Obama.

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