LSCU COOP / Communication & Press Room / News Feed / Top Stories / Sen. Bill Nelson signs on as co-sponsor to S. 2919

Sen. Bill Nelson signs on as co-sponsor to S. 2919

S. 2919, introduced by Senator Mark Udall (D-CO), would raise the credit union member business lending cap from 12.25 percent of assets to 25 percent of assets and give credit unions the opportunity to help small businesses. If the business lending cap were lifted, credit unions could provide up to $10 billion of stimulus to America’s small businesses in the first year alone and create 108,00 new jobs at no cost to the taxpayer.

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