ALEXANDRIA, Va. (2/23/15)--A new Web page launched Friday by the National Credit Union Administration contains information about member business lending.
The Small Business Lending Resource page provides detailed information about the NCUA's member business lending rules and regulations, supervisory guidance, links to the U.S. Small Business Administration's (SBA) loan programs and other related information.
"This new online portal provides valuable information on how credit unions can prudently lend to their small business members and tap into SBA's lending programs," said NCUA Chair Debbie Matz.
The NCUA signed a memorandum of understanding with the SBA Feb. 6 outlining a series of educational initiatives during the next three years that include webinars, examiner training on SBA programs, data resources and media outreach.
Three days after the NCUA and SBA signed the memorandum, CUNA staff met with SBA officials to highlight the mutually beneficial relationship between credit unions and the NCUA.
CUNA, in collaboration with the CUNA Lending Council, has developed an online form to collect information from credit unions interested in participating in SBA programs (News Now Jan. 20).
A joint webinar hosted by the NCUA and SBA, "Balancing Member Business Loan Portfolios with SBA Guarantees," is scheduled for March 4, starting at 2 p.m. (ET). Registration is currently open.