the ceo of ne community federal credit union. since 1988, she has been the ceo of northwest community federal credit union. under her watch, the credit union group to over 1600 members. it has become the national model for institutions seeking to provide financial education and banking services to the low- income communities. last but not least, we have our conditional lender represented here by wells fargo. mark cyrus is the senior fda banker for the region -- the senior sba banker. he held businesses choose the best loans for the growing business and focus on a comprehensive understanding of their goals for their business. mark is responsible for helping entrepreneurs with sba loans every step of the way. i would like each of you to speak a little bit about what your organization does and, more importantly, address the audience here and let them know what your looking for when you are hoping to fund their loan. we will start with you, mark. >> absolutely. thank you. i want to thank speaker pelosi for putting this together. i want to thank all of the of for coming out on a smell it -- snowy san francisco date. [laughter] we've been told we shou

the fine print that they have to deal with in contracts. so what these groups have done, the credit card companies and big banks, is enlist small banks and credit unions. to come and appeal us to and say, we're in your city and community. the durbin amendment can hurt us. what they don't say is the law that we pass specifically exempts -- specifically exempts -- all banks and credit unions with valuation of lower than $10 billion. $10 billion. so of the 7,000 or 8,000 credit unions in america, how many have a valuation over $10 billion? three. how many banks out of the 7,000 or 8,000 have a valuation over $10 billion? less than 100. so we're talking about 100 institutions here who will be affected by this law enforcement and the others are exempt. i rise to speak about the effect of this interchange fee reform on these small banks and credit unions. recently the banking industry and some bank regulators have claimed that the small issue or exemption -- $10 billion exemption -- in laflt year's reform law may not wonch the banking industry people said there are market forces that can undermine t they are wrofnlg i respect their right to speculate on wha