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National Credit Union Administration
1775 Duke Street
Alexandria, VA 22314-3428
Phone: (703) 518-6330

Web Address: http://www.ncua.gov/

Media Contact: Steve Bosack
Phone: (703) 518-6305
Fax: (703) 837-2953
Email: sbosack@ncua.gov


NCUA News Release
FOR IMMEDIATE RELEASE

Key SBA Official to Keynote PALS Workshop
on Member Business Lending

Javdan to Address NCUA’s Free Workshop March 25 in San Francisco


February 13, 2004, San Francisco – Small Business Administration (SBA) General Counsel David Javdan will present a keynote address to credit union officials learning about member business lending at a free Partnering and Leadership Successes (PALS) workshop March 25 in San Francisco. Javdan is one of the key SBA officials who a year ago changed a critical legal interpretation to allow all credit unions to apply for business loan guarantees under SBA’s 7(a) program.

“Credit union participation in the loan guarantee program has nearly doubled since SBA made all credit unions eligible,” pointed out National Credit Union Administration (NCUA) Board Member Debbie Matz, who is co-hosting the workshop with NCUA Vice Chair JoAnn Johnson. “However,” Matz acknowledged, “I have heard from many credit union officials who are still unsure how to become SBA lenders.”

Matz said Javdan’s panel presentation was “so well received at the first PALS member business lending workshop, I have invited him back as a keynote speaker. This keynote address will present more of an opportunity to explain the loan guarantee program and the requirements for credit unions to partner with SBA. We want to provide as many perspectives as possible to help credit union leaders decide whether member business lending is right for their credit union.”

Javdan joins a dynamic lineup of speakers who will share ideas that federal and state credit unions have implemented to safely make member business loans. Other government experts and business loan consultants will address risk factors and partnership opportunities.

To view the agenda, register for the workshop, and reserve a hotel room using NCUA’s group rate, visit www.ncua.gov, click PALS, then click Schedules.

Other co-hosts for this workshop include the California, Nevada, Oregon, and Washington credit union leagues; the Credit Union Association of the West; and the National Federation of Community Development Credit Unions.

A 24-year public service veteran, Matz is a member of three credit unions and resides in McLean, Va. with her husband and two children. Before her appointment to the NCUA Board, Matz was appointed by President Clinton as Deputy Assistant Secretary for Administration in the Department of Agriculture.

The National Credit Union Administration, governed by a three-member board appointed by the President and confirmed by the Senate, is the independent federal agency that regulates, charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, operates and manages the National Credit Union Share Insurance Fund, insuring the savings of more than 80 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions.