NOTICE: The San Francisco branch is temporarily closed due to the shelter in place guidelines. The following branches are open: Campbell, Cupertino, Dublin, Fremont, Milpitas, Palo Alto, San Jose, Santa Teresa and Sunnyvale. Our branch ATMs remain operational, with the exception that we may need to temporarily restrict access to select ATMs due to local conditions. Click here for branch locations and hours.

  • Government Relations – Issues and Advocacy

    Our community and government relations - a heritage of giving back and advocacy.

    Caps on Member Business Loans (MBL)

    Congress has imposed a ceiling on the amount of member business lending that a credit union can do (12.25% of our total assets). These loans help diversify our portfolio, which makes Tech CU stronger and more secure. They also help our members and our community by supporting entrepreneurial activity, creating jobs and increasing the tax base.

    The credit union industry has been trying for over a decade to get a bill passed that would increase business lending limits for credit unions — a move that is supported by the National Credit Union Association (NCUA, our federal regulatory agency).  Increasing these limits is viewed as key to helping credit unions diversify, thrive, and serve their members even more effectively.

    What thought leaders are saying about business loan caps:

    Member Business Lending,” National Association of Federal Credit Unions (NAFCU)

    Legislation has been introduced in the 114th Congress that would provide relief from the credit union member business lending cap.  NAFCU will continue to pursue support and passage of legislation to increase or remove the arbitrary business lending cap that currently applies to credit unions.

    MBL related measures introduced so far in the 114th Congress include:

    • H.R. 1133: Introduced March 2, 2015 by Chairman of the House Veterans Affairs Committee, Rep. Jeff Miller (R-FL). The bill would exempt loans made to veterans from the member business lending (MBL) cap. This legislation would help to ensure that veterans have more resources to aid their success after their service.
    • The "Credit Union Small Business Jobs Creation Act" (H.R. 1188): Re-introduced on March 2, 2015 by Reps. Ed Royce (R-CA) and Greg Meeks (D-NY). The bill would lift the arbitrary member business lending cap from 12.25 to 27.5% of total assets.

    Push Continues to Raise MBL Cap,” Credit Union Times

    A year after the Credit Union Small Business Jobs Creation Act was introduced to raise the member business lending cap from 12.25% to 27.5%, the urgency to boost that threshold is just as fresh as when the current bill debuted in 2013.

    NAFCU Hails Sen. Wyden’s Introduction of S. 1440 to facilitate more credit union member business lending,” CU Insight

    May 22, 2015 — National Association of Federal Credit Unions (NAFCU) President and CEO Dan Berger today hailed the introduction by Sen. Ron Wyden, D-Ore., of S.1440, a bill that would exclude from credit unions’ statutory member business lending cap loans made for the purchase of one-to four-unit, non-owner-occupied buildings

Give Us a Call

We look forward to chatting with you.

(800) 553-0880

For new loan related inquiries, call

(877) 988-0471

View Our Contact Info

Visit Us in Person

We’re here to serve your needs in person at our San Jose Headquarters. Visit us at 2010 N. First Street, San Jose, CA 95131.
Get Directions

Want More Info?

Interested in learning more about all we have to offer? Receive personal finance tips along with emails focused on key topics. You can even sign up for our monthly newsletter.
Request More Information