Management

Udall Aims to Pass MBL Bill

February 24, 2010
Sen. Mark Udall said Congress would pass his member business lending (MBL) bill with their help. The bill, S. 2919, would allow credit unions to increase the number and amount of loans given to members with small businesses by lifting the MBL cap to 25% of assets. The bill would... READ MORE

Political Foes Agree on CUs

February 24, 2010
When Howard Dean and Joe Scarborough entered the stage to close yesterday’s General Session, they immediately agreed to disagree. “We are in trouble,” said Dean, former head of the Democratic National Committee. The recent legislative seat losses by Democrats are because “we didn’t pay enough attention to our base.” “We... READ MORE

CFPA Wouldn’t Replace NCUA

February 23, 2010
Barr: The financial regulatory system is fundamentally flawed. Calling credit unions an essential part of the fabric of the nation’s communities, Assistant Treasury Secretary Michael Barr pledged to help credit unions expand their small business lending activity. Barr, speaking during Tuesday’s General Session, also commented on the Treasury's recent work... READ MORE

CUs 'Critical' to Business Growth

February 23, 2010
U.S. Small Business Administrator Karen Mills on Tuesday told GAC attendees that credit unions are "critical" to growing businesses and creating new jobs, adding that her "impression" is "credit unions really know what is going on in their communities." Mills also commended credit unions for their shared goal of supporting... READ MORE

Good Chance to Lift MBL Cap

February 23, 2010
Businesses’ need for capital will drive removal of restrictions. It would be a big mistake to pass legislation establishing a separate consumer regulatory agency, Rep. Ed Royce (R-Calif.) said Tuesday. In fact, he believes doing so could create conditions for another economic regulatory disaster. “We go down a dangerous path... READ MORE

What Will You Discuss With Legislators on the Hill?

February 23, 2010
Interchange income—it’s an important source of fee income for us. We also want to talk about business lending and getting the 12.25% cap lifted. There’s also the issue of overdraft protection and making sure both CUs and consumers have their issues addressed. John Lightle Director Via CU Marion, Ind.  ... READ MORE

Thanks, Dan: CUNA Board Passes Resolution Honoring Mica

February 23, 2010
CUNA Board Chairman Kris Mecham (right) lauded Mica for his "passion, zeal, and reason." “All endings are also beginnings,” author Mitch Albom writes. “We just don’t know it at the time.” So it goes as Dan Mica ends his tenure as CUNA president and starts a new, albeit undefined, journey.... READ MORE

'Pat Yourselves on the Shoulder: You Were Part of the Recovery'

February 23, 2010
Kanjorski: It's time to take out the MBL cap. Congressman Paul Kanjorski, credit union champion and friend, entered the stage to a standing ovation from Tuesday’s General Session audience. He reminded attendees that a year ago the future looked bleak, but “pat yourselves on the shoulder,” he said. “You were... READ MORE

Hyland: Focus on the future

February 23, 2010
Hyland: Don't wait to seize the future. Entering the stage to the strains of R.E.M.’s “It’s the End of the World as We Know it,” NCUA Vice Chair Gigi Hyland told General Session attendees to seize the future—pronto. “It’s the end of the world as we know it and it’s... READ MORE

Marshal Your Political Firepower

February 23, 2010
Clyburn: Use your clout to resolve the financial crisis. Rep. James Clyburn urged credit unions to marshal their political firepower to help resolve the financial crisis. He said not all pending proposals to cure the current recession are in credit unions’ best interests. Clyburn made the observation during Tuesday morning’s... READ MORE
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