Audio Conference Addresses CU Business Lending

CUNA News Now
March 17, 2010 | COMMENTS

The Credit Union National Association (CUNA) will host an audio conference March 25 on credit union business lending, with updates on the Small Business Administration programs.

The conference, "Credit Union Business Lending: Working with the Small Business Administration (SBA) and the National Credit Union Administration (NCUA) to Make More Business Loans," will be offered at 1 p.m. CDT. Tuition for the conference is $49.

Speakers include: CUNA President/CEO Dan Mica, NCUA Chairman Debbie Matz, SBA Administrator Karen Mills, and Mary Dunn, CUNA senior vice president and deputy general counsel.

The conference will discuss how credit unions can make SBA loans, how to expand SBA loan programs, and updates on SBA loan developments. It is geared toward credit unions already involved in business lending and those considering involvement.

According to CUNA, credit union member business loan portfolios grew $3.1 billion in 2009--a one-year increase of 10%.

That growth was more than consumer and mortgage loan portfolios, and made business loans the fastest growing segment of credit union loans in 2009. SBA lending, as a subset of total credit union member business lending, grew 15% in 2009, CUNA added

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This article originally appeared in CUNA News Now and is reprinted with permission.