NAFCU amplifies CU small business efforts

by NAFCU Newsroom

Today marks the first day of the Small Business Administration’s (SBA) National Small Business Week. Across the country, small businesses play an integral role in creating jobs and fueling the economy and have shown resilience throughout the pandemic. NAFCU President and CEO Dan Berger, along with the entire association, offers appreciation for small businesses – one of the credit union industry’s most important members.

“As we celebrate National Small Business Week, NAFCU applauds the credit union industry’s efforts to help keep the nation’s small businesses thriving, especially as we recover from the pandemic,” stated Berger. “NAFCU has always been a leading advocate for the credit union industry and we continue to fight to ensure the voices of credit unions, and their small business members, are heard by lawmakers.”

NAFCU has worked tirelessly to advocate for legislation and regulation that will help the credit union industry better serve Main Street small businesses. The association’s efforts include:

  • sharing support to bolster small business lending through the Member Business Loan Expansion Act, which would make it easier for credit unions to offer smaller business loans under $100,000 by ensuring these loans do not count toward the arbitrary credit union member business lending (MBL) cap;

 

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