ALEXANDRIA, Va. – NCUA Board Member Gigi Hyland recently met with top Small Business Administration officials to discuss how to collaborate on a regulatory level to encourage credit union participation in applicable SBA programs.
The dialogue focused on SBA's efforts to enhance existing programs as well as potential collaborative efforts, such as a webinar, to provide informative materials to credit unions on becoming an SBA approved lender.
"We appreciate opportunities to enhance our good working relationship and explore areas for collaboration between NCUA and SBA," Hyland said. "The nation's credit unions have a resource in SBA for their member business loan guarantees. I encourage credit unions to consider the potential partnership opportunities with the SBA, as we continue to facilitate information exchange for the benefit of credit unions' member business lending efforts."
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