#commercial forms

Another lending barrier has been removed for credit unions upon the NCUA approval of the removal of the Occupancy Requirement for 1-to-4-Unit Dwellings Taking Loans Out from Under Lending Cap.

Federally insured credit unions have a lending cap on #CommercialLending, and now 1-to-4-unit family dwelling loans made by credit unions will no longer count towards this cap. This frees up lending capabilities for credit unions for member business lending. The final rule from the NCUA is available on their website.