Cooperative Business Services is hoping the $29 million in loans it funded in the first quarter will put it on track for a second consecutive year of record growth.
The Cincinnati-based business lending CUSO said the average CBS loan is roughly $536,000 and the largest transaction funded is over $9 million.
"I am extremely satisfied with our first-quarter production, and I am encouraged about the forward momentum that our sales team and partner credit unions are building in the market," said Keith Reed, CBS president/CEO.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
