ALEXANDRIA, Va. (2/20/15)--As the first initiative launched under a new partnership, the National Credit Union Administration and the U.S. Small Business Administration (SBA) Thursday announced a joint webinar titled "Balancing Member Business Loan Portfolios with SBA Guarantees." It's scheduled for March 4 at 2 p.m. (ET).
On Feb. 6, the two agencies signed a memorandum of understanding and announced their partnership, which they said is intended to help small businesses connect with local credit unions to get better access to capital. The following day, CUNA and the Ohio Credit Union League joined SBA Administrator Maria Contreras-Sweet at an event in Cincinnati held to highlight the mutually beneficial relationship between credit unions and the SBA.
During the joint, 90-minute webinar in March, Dominic Carullo, an economic development specialist with NCUA's Office of Small Credit Union Initiatives, will moderate a panel featuring:
The panel will discuss what programs SBA offers to small business, how these loan programs can enhance a credit union's MBL program, and the requirements for setting up and managing an SBA-loan program. Contreras-Sweet and NCUA Chair Matz will provide opening remarks.
Interested parties can register online, and registrants should allow pop-ups from this website.
Participants can submit questions in advance at WebinarQuestions@ncua.gov. The subject line of the email should read, "SBA Guarantees Webinar." The webinar will be archived online approximately three weeks following the live event.