NCUA Would Facilitate SBALending

June 25, 2004, 1:00 a.m. EDT 1 Min Read

ALEXANDRIA, Va. - (06/25/04) -- The NCUA Board Thursday proposed arule that would ease the agency's member business loan regulationto make it easier for credit unions to participate in the U.S.Small Business Administration's guaranteed loan program. Theproposal would exempt member business loans from NCUA's morestringent collateral (loan-to-value) requirements if the loans areguaranteed by the SBA. NCUA has been extending its efforts tofacilitate participation by credit unions with the SBA, whichopened its doors to all credit unions last year. The rule wasissued for a 60-day comment period.

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