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Congress: Expand Credit Union Business Lending Authorities Now

Credit Union Times Editor-in-Chief Sarah Snell Cooke calls on Congress to expand member business lending authority and unleash jobs growth.

By Sarah Snell Cooke | Updated on March 30, 2012

I discovered that Credit Union Times’ coverage of Telesis Credit Union’s conservatorship and the actions leading up to it were being used against credit unions’ efforts to expand the member business lending cap from 12.25% of assets to 27.5%. Specifically, the ICBA sent an email (obtained by CU Times) to Sen. Mark Udall highlighting articles we had written about the conservatorship of Telesis and the former CEO’s compensation.

As a journalist, my instinctual response to this discovery was, ‘The news is the news.’ Credit Union Times is respected for balanced coverage of the credit union community—good, bad and ugly. And even when it’s not easy, deep down the industry expects nothing less.

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