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 credit union or financing said it would appreciate. it should be used only for people who need the downpayment assistance. i would also say that the notions of having some groupt runs it, having investment- grade accounts and having input on how the fund would be managed would be wise. turning to the bigger proposal, i favor it, which i am sure comes as no surprise. transition is difficult and we heard some of the growing pains that come with transition. this is a proposal that will move the industry forward and it is a proposal that addresses many of the concerns we have heard. not perfectly but there can never be perfect dressing of all concerns. for drivers who are on the list , this creates a plan that will expedite the opportunity to purchaseq realize the significant financial benefit of that. i think it will also create a long-term plan for financing these medallions. thanks in large part to the folks at the credit union and the fact we have set a fixed price which in my opinion is lower than what the market price would be. for drivers who are higher on the list which is the most sensitive group i suspect here, i think i heard the chairman and the direc

group what do they hope the employs will do? she says they need to put people with before profits. she suggested they quit and take a job at a credit union and help people more than being concerned about profits. there will be protests throughout the day all over the bay area, including downtown berkeley at wells fargo and in the financial district. this group says later this afternoon when those protests get going that's when you are going to see the large crowds. amy hollyfield, abc7 news. >>> people living in one san mateo apartment building were asked to shelter-in-place for a couple of hours because of a possible haz-mat situation. one resident reported smelling a chemical smell in the lobby. teams were dispatched to the building and asked residents to stay in their homes. they couldn't locate the source finally the shelter-in-place was lifted. >>> bart service back to normal after an electrical short circuit yesterday afternoon forced evacuation of the civic center station in san francisco. riders reported loud explosion and smoke around 1:30, that brought a massive response. police quickly determined nothing criminal happened. bar

credit unions now. keep up the good work, young lady. thank you. host: for more information about what your group is doing and you are the director of the program, ptrust.org is one of the websites. caller: a lady called about not being able to have a bank account because there was a minimum balance she had to maintain. i belonged tour credit union for years and the minimum balance is $5. when my children were in high school, they wanted to manage their own money and put their money in wachovia. my daughter had a conniption when she put a hundred dollars in and the next time she made a deposit she only had $80 because of the minimum balance fee. and that's when i converted her to the credit union. she has been there ever since. my children don't save money, but they have an account as long as they live, because that account will remain open because of the $5 balance they have to have. as long as they put in $1.90 for the checking account fees, that went into effect this year and everybody complaint, but they said because even credit unions had to help pay off that tarp thing. guest: the points sh

the american people, especially small business. >> i share your outlook on that, senator, and i talked to bank groups and credit union groups -- >>w are you going to deal with it then, share my concern. >> in a number of ways. first, we just created, announced yesterday a community bank advisory council and credit union advisory council to have direct pipeline to us to talk about the concerns and issues they have in the sort of burdensome regulations, and regulatory uncertainty, another issue they raise. second, we do have the authority, and this is the exemption authority you questionedded earlier, to potentially exempt smaller institutions from rules that don't necessarily make as muchceps to comply this them given the community bank business model, a very responsible, in my view, model of lending and dealing with customers. we have -- we have and will exercise that authority where we hear from small providers that they have great concern about the impact of potential rules issue and they have persuasive cases to make about how the business model does not imp kate the concerns of the rule. we used that in the mortgage servicing