The cooperative in Birmingham, Ala., said it closed last year with $527 million in deposits, $341 million in loan volume and assets in excess of $591 million.
Two more credit unions have signed on with business lending CUSO Michigan Business Connection.
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.
Mark Ritter has been appointed CEO of Member Business Financial Services, a business lending CUSO owned by 12 credit unions.
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.
Political newspaper The Hill will include member business lending as a topic during a public event Wednesday that will focus on access to capital.
In a recent nationwide survey of small businesses, nearly two-thirds said it has become significantly harder to get loans today than just a few years ago. Similarly, a National Federation of Independent Business survey found a nearly 10% increase in the number of small businesses trying to borrow but no...
Thanks to financing from the National Institutes of Health Federal Credit Union, a Virginia biomedical research firm has been able to expand.
Research firm says small companies unwilling to invest or expand in uncertain economy.