LAKE BUENA VISTA, Fla. — Three different CUSOs gave different takes on their experiences with examiners.
Now that the NCUA board has approved a proposal that would require all CUSOs to file financial reports directly with the regulator and the appropriate state supervisory authority, some CEOs of member business lending CUSOs have weighed on what the the changes may mean for their operations.
The $70 million Members Federal Credit Union will now offer commercial loans and lines of credit through a partnership with Centennial Lending LLC.
The $70 million Members Federal Credit Union has signed on to a CUSO to offer small business owners commercial loans and lines of credit.
Credit Union Times asked leaders of some of the industry's business lending CUSOs, "What will be the greatest challenge and opportunity for credit unions and their business lending programs in 2010?"