Rebuild your MBL policy

New member business lending rule offers operational flexibility but requires greater policy oversight.

NCUA’s new member business lending (MBL) rule, effective Jan. 1, is one of the biggest changes to credit union business lending in decades. The agency received hundreds of comments from credit unions supporting the proposal and outlining how it would help them better serve their members.

According to CUNA’s economics and statistics department, 2,260 credit unions offer MBLs, and the balance of total outstanding MBLs is about $60 billion, up from $39 billion in 2010.

Advocacy efforts by CUNA, state leagues, and credit unions helped bring about the new rule. But now that the effective date is almost here, how should credit unions prepare?


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