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Action Request: NCUA Introduces Member Business Lending Proposal

Aug
10
Action Request: NCUA Introduces Member Business Lending Proposal

The National Credit Union Administration (NCUA) has introduced a Member Business Lending (MBL) Proposal that would make significant changes regarding credit union business loans to members. The MBL proposal comment period is now open and ends on August 31. 

Posted By Nora Holloway read more

MCUA Sends NCUA Regulatory Review Comment Letter

Aug
06
MCUA Sends NCUA Regulatory Review Comment Letter

The Missouri Credit Union Association (MCUA) sent the National Credit Union Administration (NCUA) a comment letter on Aug. 5, 2013 detailing changes to regulations that NCUA has under review for 2013. NCUA annually reviews one-third of the agency’s regulations, resulting in all of the agency’s regulations being reviewed every three years.

Posted By Sharon Bahr read more

Bank Abuse of Small Business Fund All the More Reason for MBL Reform

Apr
26
Bank Abuse of Small Business Fund All the More Reason for MBL Reform

By:  Bill Cheney, President/CEO of the Credit Union National Association

Last week the American Bankers Association (ABA) had its member banks in Washington. This week it was the Independent Community Bankers of America (ICBA). The ICBA ran more ads critical of too-big-to-fail-banks. But we know their agenda also included credit unions’ tax exemption and MBLs.

Posted By Sharon Bahr read more

Media Attention Highlights Credit Union MBLs and 2012 Profits

Apr
22
Media Attention Highlights Credit Union MBLs and 2012 Profits

Recent coverage in the Kansas City Business Journal and St. Louis Business Journal highlights the efforts of credit unions – including member business lending (MBL) and 2012 profit and membership growth.

Posted By Sharon Bahr read more

Missouri’s Clay Cosponsors MBL Bill

Mar
21
Missouri’s Clay Cosponsors MBL Bill

Congressman William Lacy Clay (D-District 1) has signed on as a cosponsor to H.R. 688, the Credit Union Small Business Jobs Creation Act.  He is the first cosponsor on this bill from Missouri, and also supported the member business lending (MBL) bill introduced in the last Congress.

Posted By Amy McLard read more

Bankers TAG Bill Dies in U.S. Senate

Dec
13
Bankers TAG Bill Dies in U.S. Senate

In a major setback for the bank lobby,  S. 3637, the banks’ Transaction Account Guarantee Program (TAG) bill, has died in the U.S. Senate.  By a vote of 50-42 on December 13, Senators voted against an effort to waive a Budget Point of Order for TAG.  A vote of 60 was needed to overcome the point of order and take a vote on the bill itself. Missouri’s U.S. Senators split on the issue, with U.S. Sen. Claire McCaskill (D) voting in support and  U.S. Sen. Roy Blunt (R) voting against.  

Posted By Amy McLard read more

Bank TAG Vote Scheduled for December 10 - Credit Unions Urged to Act

Dec
06
Bank TAG Vote Scheduled for December 10 - Credit Unions Urged to Act

Credit unions from Missouri took part in National Hike the Hill on November 27-28 to urge members of Congress to take action on member business lending legislation.  At the time, combining MBL with other legislation – including the banks’ Transaction Account Guarantee Program (TAG) – was an option shared with U.S. Senators. 

Posted By Amy McLard read more

MBL Call to Action: Call Senate Offices Following National Hike the Hill

Nov
26
MBL Call to Action: Call Senate Offices Following National Hike the Hill

Nine Missouri credit union representatives joined more than 500 credit union advocates and small business owners from across the country for National Hike the Hill on November 27-28 to make a final in-person grassroots push the for credit union member business lending legislation.  Missouri participants included two business owners and a credit union lending officer to share the member business lending story.

Posted By Amy McLard read more

Bankers Target MBL Again in Senate

Oct
25
Bankers Target MBL Again in Senate

Credit unions are in the final push to pass member business lending legislation in the U.S. Senate and House, and bankers are again targeting U.S. Senate offices to oppose the measure.  U.S. Senate bill S. 2231, the Credit Union Small Business Jobs Bill and U.S. House bill H.R. 1418, the Small Business Lending Enhancement Act, would raise the credit union member business lending limit from 12.25% to 27.5% of assets. 

Posted By Amy McLard read more

National Hike the Hill Focus on MBL: Missouri Attendees Needed November 27-28

Oct
22
National Hike the Hill Focus on MBL:  Missouri Attendees Needed November 27-28

In Missouri and across the country, credit unions are focusing on the final push to pass member business lending (MBL) legislation.  Time is running out and all efforts are needed.  If member business lending is not passed by the end of the year, MBL will have to be reintroduced when the new Congress takes office and the process must start all over again. 

Posted By Amy McLard read more

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