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WASHINGTON–Credit unions are looking for the House to find a way to introduce or attach legislation in the Senate that would raise the statutory limit on the Small Business Administration’s flagship 7(a) business loan program, which has hit its statutory lending cap of $18.75 billion.

BANNOCKBURN, Ill.–The $693-million Great Lakes Credit Union said it has joined an effort to offer special low-rate loans to assist its members who are state of Illinois employees whose payroll may be interrupted due to the budget impasse.   

NEW YORK–Delinquencies for at least one CU that makes taxi medallion loans in this city are way up, and may be a reason behind why a group of credit unions are petitioning a judge to grant an emergency hearing that could freeze the bulk of Uber’s business here.

ALEXANDRIA, Va.–In response to a letter written by Frank Keating, president of the American Bankers Association, that appeared in The Hill and that was critical of credit unions and their “runaway regulator,” NAFCU CEO Dan Berger called on the bankers to clean up their own messes first.

ALEXANDRIA, Va.–NCUA has released a full set of documents around the Overhead Transfer Rate (OTR) that it uses to calculate the expense of examining state-chartered, federally insured credit unions. That amount is then transferred from the National Credit Union Share Insurance Fund to its operating budget.

WASHINGTON–CUNA is calling on the Senate to disregard efforts by the banking industry to thwart a bill that would provide parity with banks for treatment of one-four family non-owner occupied residential properties.

MASSENA, N.Y.—New labor guidelines that would make millions more U.S. employees eligible for overtime pay is expected to impact credit unions—not only in their budgets but also in how they interact with their communities.