The NAFCU Journal September-October 2019 - 11

ACCESS TO

MONEY

By Robert Bittner

F

or decades, the majority of credit
unions had little experience with
commercial lending. That situation
is changing, especially when it
comes to small-business loans.

In a 2018 letter to the Small Business
Administration (SBA), Kaley Schafer,
NAFCU's regulatory affairs counsel, noted
that 65 percent of small-business loans
under $100,000 were made by credit
unions in 2017. "In contrast, only 6 percent of bank loan originations were under
$100,000," she wrote. "This illustrates
the ... commitment of credit unions to
provide vital small-business loans to the
members of their community."
THE NAFCU JOURNAL SEPTEMBER-OCTOBER 2019

With the
support of the
Small Business
Administration,
credit unions are
strengthening
their commercial
lending
Credit unions are leading the way in supporting small, growing businesses with
financial assistance. While one of their
most powerful partners in that endeavor
- the SBA - is often underutilized,
those who understand its capabilities
and mission know it can be a beneficial
addition to the services credit unions
offer their members.
"The SBA supports the small-business
community," says Natasha Merz, vice
president of commercial lending at Langley Federal Credit Union, headquartered
in Newport News, Va. "That's pretty much
what credit unions do. The SBA and credit
unions' missions are aligned."
11


https://www.nafcu.org/letter-sba-express-loan-programs https://www.nafcu.org/letter-sba-express-loan-programs

The NAFCU Journal September-October 2019

Table of Contents for the Digital Edition of The NAFCU Journal September-October 2019

The NAFCU Journal September-October 2019
Contents
Conferences
From the Chair
Washington and Industry Briefs
The Bottom Line
Access to Money
The Best Indirect Growth Strategy
Big Moments, Bigger Wallet Share
Executive Spotlight
Management Insight
Compliance Central
Inside NAFCU Services
Industry Perspectives
From the President’s Desk
The NAFCU Journal September-October 2019 - The NAFCU Journal September-October 2019
The NAFCU Journal September-October 2019 - Cover2
The NAFCU Journal September-October 2019 - Contents
The NAFCU Journal September-October 2019 - 2
The NAFCU Journal September-October 2019 - Conferences
The NAFCU Journal September-October 2019 - From the Chair
The NAFCU Journal September-October 2019 - 5
The NAFCU Journal September-October 2019 - Washington and Industry Briefs
The NAFCU Journal September-October 2019 - 7
The NAFCU Journal September-October 2019 - The Bottom Line
The NAFCU Journal September-October 2019 - 9
The NAFCU Journal September-October 2019 - Access to Money
The NAFCU Journal September-October 2019 - 11
The NAFCU Journal September-October 2019 - 12
The NAFCU Journal September-October 2019 - 13
The NAFCU Journal September-October 2019 - 14
The NAFCU Journal September-October 2019 - 15
The NAFCU Journal September-October 2019 - The Best Indirect Growth Strategy
The NAFCU Journal September-October 2019 - 17
The NAFCU Journal September-October 2019 - 18
The NAFCU Journal September-October 2019 - 19
The NAFCU Journal September-October 2019 - 20
The NAFCU Journal September-October 2019 - 21
The NAFCU Journal September-October 2019 - 22
The NAFCU Journal September-October 2019 - 23
The NAFCU Journal September-October 2019 - Big Moments, Bigger Wallet Share
The NAFCU Journal September-October 2019 - 25
The NAFCU Journal September-October 2019 - 26
The NAFCU Journal September-October 2019 - 27
The NAFCU Journal September-October 2019 - 28
The NAFCU Journal September-October 2019 - 29
The NAFCU Journal September-October 2019 - Executive Spotlight
The NAFCU Journal September-October 2019 - 31
The NAFCU Journal September-October 2019 - Management Insight
The NAFCU Journal September-October 2019 - 33
The NAFCU Journal September-October 2019 - Compliance Central
The NAFCU Journal September-October 2019 - 35
The NAFCU Journal September-October 2019 - Inside NAFCU Services
The NAFCU Journal September-October 2019 - 37
The NAFCU Journal September-October 2019 - 38
The NAFCU Journal September-October 2019 - 39
The NAFCU Journal September-October 2019 - Industry Perspectives
The NAFCU Journal September-October 2019 - 41
The NAFCU Journal September-October 2019 - 42
The NAFCU Journal September-October 2019 - 43
The NAFCU Journal September-October 2019 - From the President’s Desk
The NAFCU Journal September-October 2019 - Cover3
The NAFCU Journal September-October 2019 - Cover4
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