MBL CUSO Reaches $1.4 Billion Milestone
Since its 2003 launch, the San Bernardino, Calif.-based Member Business Services said it has reviewed $1.4 billion in member business loans.
The loan growth of 25.6% was achieved by its core credit unions served for 2009, said Scott Burger, president/CEO. The CUs' MBL portfolios "performed well as compared to banking and credit union industry averages with business loan delinquencies of .76% reported at year-end 2009."
The CUSO serves 20 credit unions and is owned by Arrowhead Credit Union, SCE FCU, USA FCU, CoastHills FCU, USC FCU and the California and Nevada Credit Union League.