For Details, Contact:
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National Credit Union
Administration 1775 Duke Street Alexandria, VA 22314-3428 Phone: (703) 518-6330 Web Address: http://www.ncua.gov/ |
FOR IMMEDIATE RELEASE |
Board Member Hyland Facilitates “SBA 101” WebinarAlexandria, VA, September 14, 2006 – National Credit Union Administration (NCUA) Board Member Gigi Hyland facilitated a webinar program entitled “SBA 101: All You Ever Wanted to Know About Being an SBA-certified Lender.” Board Member Hyland serves as NCUA’s liaison to the Small Business Administration. The webinar was co-hosted by John Wade, Financial Analyst, with the SBA. The one hour webinar provided registered participants from credit unions and state leagues an opportunity to learn more about extending business lending services and programs administered by the SBA. “As I travel across the country, credit unions frequently express interest in offering member business lending services to their members, “said Board Member Hyland. “This webinar was a great way to highlight the programs offered by SBA and how they can partner with the government to help their members achieve the dream of starting their own business.”
Joining the webinar was NCUA staff members Frank Kressman, Staff Attorney in the Office of General Counsel and Corey Phariss, Program Officer in the Office of Examination and Insurance to discuss NCUA’s member business loan rule, due diligence requirements, and what NCUA examiners look for when reviewing member business loans and SBA loan activity. “I was very pleased to have these business lending experts join me during this webinar,” said Board Member Hyland. “I thank the audience for their participation and thoughtful questions. As a regulator, I believe that public comment and input is vital, and this webinar was a great way to utilize the latest in Internet webcasting technology to provide a productive forum for discussion for credit union officials across America.” The webinar will be available for viewing approximately one week from today via a link on NCUA’s website, www.ncua.gov. The National Credit Union Administration is the independent federal agency that regulates, charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, also operates and manages the National Credit Union Share Insurance Fund (NCUSIF), insuring the deposits of over 85 million account holders in all federal credit unions and the majority of state-chartered credit unions. |