SAN DIMAS, Calif. - (03/24/05) -- Top administrators with the U.S.Small Business Administration urged area credit union executivesduring a visit here Tuesday to join the SBA's guaranteed loanprogram, one of the fastest ways to helping community businesses."My message to you is we want more. We want more creditunions...You are a critical way for us to get to all of thesecommunities, especially these fast growing segments of smallbusiness," Hector Barreto, head of the SBA, told about 65 areacredit union executives during a Tuesday meeting at WesCorp FCU.Baretto said the number of credit unions participating in the SBAprogram has more than tripled over the last two years to about 200,providing as much as $100 million in federally guaranteed loans tosmall businesses for this year. "And I really believe that we'rescratching the surface," he said. In conjunction with the visit byBaretto and other top SBA officials, WesCorp FCU and the CaliforniaCU League said they are planning a seminar to help credit unionslearn how to qualify for SBA-approved lender status.
-
The top five banks and thrifts have combined total assets of nearly $13 trillion.
Just now -
The banking-as-a-service middleware provider will be acquired by TabaPay. Other middleware providers may be forced to evolve or face the same fate.
1h ago -
Institutions and their investors are facing pressure from climate activists, cautiously awaiting interest rate cuts and adjusting to new Federal Reserve and FDIC policies.
1h ago -
A new Citizens Bank survey suggests rising check-fraud incidents are driving middle-market companies to accelerate plans to fully adopt digital payments. But 70% of all businesses will continue to rely on checks for years to come, according to recent data from the Association for Financial Professionals.
4h ago -
After several quarters of slumping investment banking and trading fees, the Charlotte, North Carolina-based company reported a big uptick from that division, which helped compensate for a large decline in net interest income.
April 22 -
The Federal Reserve's Office of the Inspector General says the Fed has yet to fulfill 65 recommendations, and also identified 18 outstanding issues at the Consumer Financial Protection Bureau.
April 22