Clark County CU Grows Commercial Loan Portfolio to $80 Million
LAS VEGAS -- In just three years, Clark County Credit Union has grown its commercial loan portfolio to $80 million through the use of Wolters Kluwer Financial Services' Rembrandt Lending System, according to the company.
The $626 million Clark County CU has been using Rembrandt to document commercial loans since the launch of its business services program in 2005. The compliance content within the documentation system also helps a credit union meet regulatory requirements in all 51 U.S. jurisdictions, something that will be useful if Clark County CU decides to expand its commercial lending business to additional states, said Matt Kershaw, commercial loan officer with the credit union.
Kershaw said the credit union has already begun using Rembrandt to document participation loans with other credit unions in order to accommodate the growth of its commercial loan portfolio.