Great Basin FCU to Launch MBL Program
The $125 million Great Basin Federal Credit Union has partnered with J.R. Bruno & Associates to establish a member business lending program.
According to the San Francisco-based J.R. Bruno & Associates, an MBL and SBA program consulting firm, it will work with Great Basin FCU in Reno, Nev., over the next two years, providing services including underwriting, loan packaging, portfolio management and staff training.
“After reviewing other options, we liked the way J.R. Bruno & Associates offered us the ability have their team train us and help set up our member business lending program, and then to use their services as long as we need them,” said Jennifer Denoo, chief operating officer at Great Basin FCU.
In May, the credit union said it became the first new SBA lender in northern Nevada in more than nine years.