Philadelphia MBL CUSO Marks $100 Million Milestone
Members Business Financial Services LLC is celebrating reaching the $100 million mark for loan serviced in 2011.
The Philadelphia-based CUSO said it approved more than 436 loans for its 12 owner credit unions in Pennsylvania, Delaware and Maryland.
“Congratulations go to all of our owner credit unions for their commitment to business lending and the increased volume this year,” said MBFS CEO Gary Graves. “To those credit unions who are not making business loans in this economy, I would say that you’re missing a real opportunity.”
MBFS provides loan servicing, business loan portfolio management services, loan origination and underwriting, coordination of loan participations and loan participation accounting, preparation and recording of loan documents, and reviews of financials for third-party due diligence.