Group takes on the question of commercial real estates and credit unions.
To say the battle to increase the member business lending cap has been an arduous one for the credit union industry would be an understatement.
Credit unions are playing catch-up to banks when it comes to business deposit products and services. Every national bank and most community banks offer remote-deposit capture services for businesses both large and small.
The CUSOs owned by the three corporate credit unions placed in conservatorship Sept. 24 remain open for business today.
While vacancies in office and retail space remain high, apartments and multifamily units are making a comeback in the commercial real estate market, one real estate expert noted.
Serving niches can still build brand recognition for credit unions as well as their business services programs.
The closure of four of its branches has not stopped North Island Credit Union from retaining relationships with business members.
Whether they call the pristine greenery of the Pacific Northwest or the rolling hills of New England home, many credit unions share a common approach when it comes to business lending:
NetDeposit LLC and CU Business Group have signed an agreement to bring remote deposit capture to the CUSO's more than 300 credit unions.
The more than 300 credit unions served by CU Business Group, a business services CUSO, will have access to remote deposit capture through an alliance with NetDeposit LLC.