The 70,000-member, $1.6 billion Technology Credit Union has quoted NCUA board chairman Debbie Matz in the materials it has provided members to get them to approve a change from a credit union to bank charter.
In a section of the conversion notice addressing member business lending, the credit union said its board found it prudent to address the need to make more business loans before the San Jose, Calif., credit union approached the mandated cap.
It quoted Matz' testimony before the Senate Committee on Banking, Housing and Urban Affairs on June 16, 2011.
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