NCUA, SBA Hosting Joint Webinar on Small Business Lending
Learn about the Different SBA Loan Products Available for Credit Unions
ALEXANDRIA, Va. (Feb. 19, 2015) – The National Credit Union Administration and the Small Business Administration will host a joint webinar, “Balancing Member Business Loan Portfolios with SBA Guarantees,” on March 4, 2015, at 2 p.m. Eastern.
This webinar is the first initiative of the new NCUA-SBA partnership. The two agencies signed a Memorandum of Understanding on 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.
“Credit unions can play an important role in stimulating economic growth in their communities through loans to their member small businesses,” NCUA Board Chairman Debbie Matz said. “With a significant portion of principal guaranteed by the government, SBA loans rank among credit unions’ safest loans. I encourage all credit unions to participate in this webinar.”
“Since 2011, the outstanding balance of SBA loans by credit unions has seen nearly a 50 percent increase—from $810 million to $1.2 billion,” SBA Administrator Maria Contreras-Sweet said. “This signals a growing demand for SBA loan programs. Millions of Americans have used their credit union to finance their car, home or children’s education. We want to empower credit unions to finance small business start-ups, too.”
During the 90-minute webinar, Dominic Carullo, an Economic Development Specialist with NCUA’s Office of Small Credit Union Initiatives, will moderate a panel featuring:
- Ann Marie Mehlum, Associate Administrator, Office of Capital Markets, SBA
- William Myers, Director, Office of Small Credit Union Initiatives, NCUA
- Vincent Vieten, Member Business Lending Program Officer, Office of Examination and Insurance, NCUA
The panel will discuss what programs SBA offers to small business, how these loan programs can enhance a credit union’s member business lending program, and the requirements for setting up and managing an SBA-loan program. NCUA Chairman Matz and SBA Administrator Contreras-Sweet will provide opening remarks.
Online registration is available here. Participants will also use this link to log into the webinar. Registrants should allow pop-ups from this website.
Participants may submit questions in advance at WebinarQuestions@ncua.gov. The subject line of the email should read, “SBA Guarantees Webinar.” Participants with technical questions about accessing the webinar may email email@example.com.
This webinar will be closed captioned and then archived online here approximately three weeks following the live event.
SBA is an independent federal agency that aids, counsels, assists and protects the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. SBA helps Americans start, build and grow businesses. Through an extensive network of field offices and partnerships with public and private organizations, SBA delivers its services to people throughout the United States, Puerto Rico, the U.S. Virgin Islands, American Samoa, the Commonwealth of the Northern Mariana Islands, and Guam. SBA offers assistance to small businesses by partially guaranteeing loans from financial institutions through the SBA 7(a) guarantee program and by providing financing for business purposes through Certified Development Companies under the SBA 504 program. For more information, visit www.sba.gov.
NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, NCUA operates and manages the National Credit Union Share
Insurance Fund, insuring the deposits of account holders in all federal credit unions and the overwhelming majority of
state-chartered credit unions. At MyCreditUnion.gov, NCUA also educates the public on consumer protection and financial literacy issues.
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