Here Come the Credit Unions
By Marc Tracy
OPEN Forum (published by our sponsor, American Express OPEN) runs a good primer on credit unions, and why they are probably a very good borrowing option for you if you are a small business. (The post does note the prime downside to credit unions: in order to borrow from one, you generally first need to be a member.)
The post got us thinking about whatever happened to that credit union bill? The one that would allow them to devote a far greater portion of their resources to small-business lending? If policymakers wish to signal that they truly do care about small businesses' credit situation, and that they are capable of thinking somewhat creatively, they could do worse than to make that bill law.
November 5, 2009 5:20 PM
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