Materials Needed to become Eligible to Fund SBA Loans

July 28, 2005

1. Copies of the credit union’s charter, bylaws and approved amendments to the charter;
2. A listing of credit union officers and current directors;
3. A copy of the credit union board resolution authorizing the identified credit union officer(s) to file an application for SBA lender participation in the 7(a) program;
4. A copy of the NCUA insurance certificate evidencing share deposit insurance coverage;
5. The most recent quarterly and year-end call report filing provided to the NCUA;
6. A certificate statement from the applicant acknowledging the absence of any affiliates (as currently outlined in SBA size standards regulations currently found in section 121 of 13 CFR), or that the applicant is not primarily engaged in the financing of such facilities; and
7. Copies of loan processing, servicing and liquidation procedures employed by the applicant in its delivery of loans to small businesses.

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