Eastern Financial Florida CU's Business CUSO Signs on First Partner
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.