NCUA’s new member business lending rule, effective Jan. 1, is one of the biggest changes to credit union business lending in decades. The agency received hundreds of comments from credit unions supporting the proposal and outlining how it would help them better serve their members.
The new CUNA Business Lending Roundtable, Dec. 8-9, 2015, in Tempe, Ariz., combines expert Q&A panels with networking and brainstorming events to provide an in-depth look into hot business lending topics.
The discussion boards on CUNA’s Compliance Community featured an interesting discussion last week: what is the difference between the terms “share draft” and “checking account”? The correct use is important since credit unions pay dividends, not interest.