WARRENVILLE, Ill. - Mid-States wants to help match up credit unions for loan participation deals. The corporate has launched its Loan Exchange Program, a Web-based system that matches buyers and sellers of loan participations. The buyers and sellers remain anonymous on the site. When a bid is accepted, Mid-States links the buyer and seller together to complete the deal. Mid-States provides standard participation agreements to each party. There is no cost for credit unions to list loans or shop for loans. Georgia Central CU has a similar product for its members.
Mid-States Launches Loan Participation Site
Want the latest credit union news?
Sign up for our free newsletter today! All the breaking credit union news and information you need to make the right decision for your credit union delivered to your inbox. For free!
Thanks for subscribing, you will start receiving the Daily News Alert tomorrow!