2011 Credit Union Checking Study
Fountain pen and calculator
5 new services credit unions are offering

Businesses have loan opportunities
5 of 7

In September, the Credit Union National Association released its Mid-Year 2010 Summary of Credit Union Operating Results, showing 29.5 percent of U.S. credit unions offered member business loans, up from 23.2 percent in 2006.

Credit unions would like to see even more growth in business lending, but they are confronting regulatory restrictions that limit the amount of business loans they make to 12.25 percent of their assets. Industry trade groups had hoped to raise the cap to 27.5 percent through an attachment to the small business stimulus package that recently became law, but the amendment failed.

"There may be other avenues that we can pursue into the next year," says NAFCU spokesman Jay Morris. "We haven't given up on it. We now have the support of our regulator, the National Credit Union Administration, and ... the Treasury has signed on as well."




Show Bankrate's community sharing policy
          Connect with us

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Ask Dr. Don

Are my savings bonds safe?

Dear Dr. Don, I have approximately $20,000 in savings bonds. Given the state of the U.S. economy, should I cash them in? How safe are they if the economy tanks, the U.S. goes bankrupt or the country gets a serious credit... Read more

Partner Center

Connect with us