FL CU officials speak on panel before FL House Insurance and Banking Committee

Florida credit union officials from Suncoast CU and Fairwinds CU participated on a panel Nov. 15 for the Florida House Insurance and Banking committee. The panel addressed small business lending and job growth in Florida. Jorge Font and Jim Adamczyk of Fairwinds CU participated, along with Melva McKay-Bass of Suncoast CU who also spoke to […]

Florida credit union officials from Suncoast CU and Fairwinds CU participated on a panel Nov. 15 for the Florida House Insurance and Banking committee. The panel addressed small business lending and job growth in Florida. Jorge Font and Jim Adamczyk of Fairwinds CU participated, along with Melva McKay-Bass of Suncoast CU who also spoke to the panel.

Topics of discussion included:

  • How do financial institutions differentiate between lending to legacy accounts vs. new business.
  • The regulatory environment in Washington,  D.C.
  • How CUs are very often a last resort for those seeking a small business loan.
  • Small business incubators at colleges and universities.
  • Online lending is so quick and convenient, CUs need to adapt and keep up with technological advancements.
  • The impact student debt has on lending.
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The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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