MBL

Natasha Merz, VP of commercial lending at Langley FCU, testified before a House small business subcommittee on ways Congress can help credit unions and the SBA better fulfill a common mission.

Four key areas examiners will be looking at related to the new rule that CUs should brush up on today.

To capitalize on the current market environment, CUs need a solid auto-decisioning strategy in place to manage the increased volume of MBL applications while mitigating risk and delivering top-notch service to members.

With new rules in place, experts offer tips on how to be the MVP of MBLs.

NCUA’s updated rule offers new freedom to grow but also comes with additional responsibilities. Here’s what some credit unions have learned in the first few months.

With their big-picture view across multiple portfolios, some CUSOs are reporting an increased appetite for business loans and participations.

The $1.2 billion-asset credit union was recently approved for conversion to a federal trade, industry and professional charter, making it the first firefighters’ credit union in the nation chartered specifically for business lending.

The $1.8 billion-asset institution converted to a federal charter out of a desire to broaden its member base and make member business loans.

Sens. Ron Wyden, D-Ore., Lisa Murkowski, R-Alaska, Elizabeth Warren, D-Mass., and Ed Markey, D-Mass., introduced a bill Wednesday that would allow credit unions to increase their business lending.

In addition to 11.5 percent loan growth and membership rising at its fastest rate since 1987, membership at Michigan's CUs is growing faster than the state's population.