Aug. 12, 2010


  • Frankly, I am not comfortable with credit unions increasing their exposure to member business lending. I have participated in several member business loans with various institutions and my experience indicates the majority of credit unions do not have the expertise to underwrite these loans safely. As we have seen with the Corporate credit union crisis, the cooperative structure makes us only as strong as the weakest link and would prefer to not expose my share of the NCUSIF to member business lending concentrations above the current levels.