Chairman Debbie Matz testimony on "Credit Unions: Member Business Lending" before the Senate Committee on Banking, Housing and Urban Affairs' Subcommittee.
The National Credit Union Administration (NCUA) appreciates the opportunity to provide views on credit unions and member business lending. This hearing is an opportunity to consider legislation that would help small businesses grow, create new jobs, provide needed community services, and bolster the U.S. economy.
Specifically, the Committee has asked NCUA to comment on the agency’s experience with member business loans (MBLs), the agency’s views on legislative proposals to increase the MBL limit, and any recommendations NCUA has to ensure safe and sound member business lending.