WASHINGTON-There was widespread support among attendees at CUNA's Governmental Affairs Conference last week for passage of the latest Member Business Lending legislation, even as many of those same CU leaders said the cap on MBLs is not an issue for their own credit unions.
Evan Clark acknowledged that MBL reform is not a priority at the $300-million Department of Commerce FCU here. "For my credit union it's just not that important," said the CEO. "We are a mortgage maker and consumer loan maker and demand now is very strong for both products. I know many credit unions are doing really great things in their communities with MBL, and for them it's a bigger priority-and because of that I am certainly for raising the MBL cap."