Thanks to a quarter-over-quarter increase of more than $44.62 million in member business loans, credit unions in Washington and Oregon are helping more small businesses.
In both states, MBLs now total nearly $2.41 billion, according to the Northwest Credit Union Association, citing data from the most recent NCUA Financial Progress Report.
Troy Stang, NWCUA president, said members who own small businesses have received safe, affordable and dependable financing from their credit unions for decades, in good times and bad.
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