A year ago, unemployment was 14% around the Inland Empire in California, much higher than the national average.
ODENVILLE, Ala. — Two days before Christmas in 2007, Glenn and Sara Sasser’s plans were obliterated like an unsuspecting step on a hidden land mine.
After losing his wife, Glenn Sasser created a thriving new business with the help of his local credit union, and none from the banks.
Holiday Inn Resort on leased Air Force land will be third joint project for the two credit unions.
Through a unique partnership, Del-One Federal Credit Union was able to provide $1.2 million for school buses this summer.
Mark Ritter has been appointed CEO of Member Business Financial Services, a business lending CUSO owned by 12 credit unions.
Winner will receive up to $25,000 to jump start a new business.
With 28 new credit unions that have signed on this year, CU Business Group said Wednesday that it now serves 405 credit unions in 44 states.
Even in a still-recovering economy, financing may not be that hard to come by if entrepreneurs follow a checklist of items credit unions look for.
Whether Amazon.com’s commercial lending pilot program succeeds will be determined over time and how its underwriting terms stack up against banks, credit unions and others.