Stacy Shackford reports in today’s Ithaca Journal - “Local credit unions have been lifelines to many small businesses during the economic downturn, and Sen. Charles E. Schumer, D-N.Y., wants to expand their ability to help.

He was in Cortland on Wednesday to announce his plan to introduce legislation that would allow credit unions to loan up to 25 percent of their total assets.

This could result in an additional $10 billion in loans available for small businesses in the first year, according to estimates by the Credit Union National Association.”

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