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“SBA 101” Webinar Featuring Board Member Hyland Now Live and Available for Viewing

Alexandria, VA, September 27, 2005 – The “SBA 101: All You Ever Wanted to Know About Being an SBA-certified Lender” webinar facilitated by National Credit Union Administration (NCUA) Board Member Gigi Hyland on September 14, is available for viewing. To view the webinar, please access the following link: http://w.on24.com/r.htm?e=27080&s=1&k=548273D4D3A58C35C481EC276CA5917F

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. Joining the webinar was NCUA staff members Frank Kressman, Staff Attorney in the Office of General Counsel and Cory 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 encourage credit union and league officials to view the “SBA 101” Webinar to learn more about how to partner with SBA to enhance business ownership opportunities for their members,” said Board Member Hyland. “John Wade did an excellent job providing an overview of the programs available through SBA and I also appreciate my fellow NCUA colleagues who shared their expertise during the webinar. The audience provided thoughtful questions which enhanced the webinar and made for a well rounded forum.”

The webinar highlighted several business lending topics, including:

• Overview of SBA 7a Guaranteed Loan Program, 504 Program, and SBA Express;
• Becoming an SBA-certified lender;
• NCUA’s member business loan rule and how it relates to SBA programs; and
• Due diligence issues related to member business lending and NCUA examination criteria regarding such activity.

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.