NEW BRUNSWICK, N.J. (4/15/14)--U.S. Sen. Cory Booker (D-N.J.) included a New Jersey credit union leader in his women's small business owners forum at Rutgers University last Friday.
Chris Abeel, director of government affairs, New Jersey Credit Union League, left, U.S. Sen. Cory Booker (D-N.J.) and Linda McFadden, league chair and president/CEO, XCEL FCU, Bloomfield, at Booker's forum for women and small businesses. (New Jersey Credit Union League photo)
Linda McFadden, president/CEO, XCEL FCU, a $151 million-asset credit union in Bloomfield, was a panelist for the "Access to Capital" breakout session (Daily Exchange April 14).
Credit unions' benefits for small business owners were highlighted by McFadden, who is the chair of the New Jersey Credit Union League, and by moderator Elayne McClaine, director, Small Business Development Center, Rutgers University.
McClaine noted that "credit unions are a good place to start on the road to becoming bankable," while McFadden added it's because credit unions treat everyone on a one-to-one basis.
About 200 women business owners attended Booker's forum, which included lawmakers, financial institutions and Small Business Administration officials.