News & Events

This is HUGE - Says CUBG!

On May 30th, the NCUA Board voted that federally insured credit unions will no longer be required to count loans made on any 1- to 4- family dwellings as member business loans. This is one of the most significant positive changes to the member business lending cap in the last 20 years and is a huge victory for credit unions in gaining parity with banks for this type of lending.

The rule change, which went into effect on June 5, 2018, excludes 1- to 4- family dwellings from the statutory cap on member business lending and was made possible by adjustments to the Federal Credit Union Act that were incorporated into the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018 and signed into law on May 24th. The rule change does not address underwriting, compliance, or other operational aspects for this type of lending.

Over the last 2+ years CUBG has been surveying credit unions and analyzing data to quantify the amount of capital that would be freed up with this type rule change for use in lobbying efforts. We are excited to be part of this important change for the credit union industry.

"This change will provide greater access to capital for businesses across the country, freeing up cap space at credit unions nationwide," explained Larry Middleman, CUBG President/CEO. "This is a big win for small businesses as well as the credit unions that serve them."

CU Business Group (CUBG) is the premier provider of business services to credit unions and Millennium Corporate is a proud owner of this credit union service organization (CUSO). For more information about this CUSO, please visit CUBG online at or email

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