References 1. Board of Governors of the Federal Reserve System (2022). Report to Congress on the Availability of Credit to Small Businesses. Washington: Board of Governors, https://www.federalreserve.gov/publications/files/sbfreport2022.pdf. 2. National Community Reinvestment Coalition (2022). How Banks Closed their Doors as the US Economy Reopened. https://ncrc.org/abandon-ship-how-banks-closed-their-doors-as-us-economy-reopened/. Figure 2: Median Amount of Total SBA-Guaranteed Commercial Loans per County originated between 2009 and 2023 (sources: SBA, FDIC, Author’s Calculations) “By maintaining a strict memberoriented mission and diligently serving their local communities, credit unions are poised to remain a strong partner for entrepreneurs and small businesses, as well as the broader economy at-large.” Median Amount of Total SBA-Guaranteed Commercial Loans ($ Millions) Number of Bank Branch Closures 0–10 $6.46 $51.19 $118.21 $234.73 $248.29 10–25 25–50 50–75 75+ $300 $250 $200 $150 $100 $50 $- 11 THE NAFCU JOURNAL September–October 2023
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