MIRAMAR, Fla. - Just weeks after its formal launch, Eastern Financial Florida Credit Union's business lending CUSO has signed its first partner. The $1.8 billion CU recently launched CU Business Capital, LLC, a business lending CUSO. On July 27, Boca Raton, Fla.-based Biz Lending Center signed on with the CU bringing its commercial term loans, equipment leases, fleet vehicle services, working capital loans and commercial loan processing to CU Business Capital's business mortgages, lines of credit and SBA loans. Together, the two entities bring a line of products and services that many small to mid-size credit unions might not be able to offer on their own, said Murray Halperin, vice president of sales and marketing, Biz Lending Center, who spoke to Credit Union Times while at EFFCU for the deal signing on July 27. The goal is to bring the services to CUs beyond Florida's borders to others around the country, Halperin said.
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, click the "Reprints" link at the top of any article.
From the August-03, 2005 issue of Credit Union Times Magazine • Subscribe!
Eastern Financial Florida CU's Business CUSO Signs on First Partner
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!
Comments
- The 4 Major Designs of the $100 Bill (Slide Show)
- Anonymous May 7 Target List Includes 12 Large Credit Unions
- Theresa Portillo Sentenced to 6½ Years in Prison for Looting Feminist CU
- WesCorp’s Legacy Losses Outpace Other Corporates
- Stacie Wyss-Schoenborn Seeks Innovation One Step at a Time: Women to Watch
Resource Center
View All »
Measure and Monitor the Risks and Opportunities in Loan Portfolios
Get a complimentary demo of our loan portfolio analytics and access to the white paper,...
