CU Business Group has partnered with Financial Tools Inc. to help credit unions bolster their business lending programs.
For some credit unions and CUSOs, the newly approved changes to the loan participation rule are apt to leave a bittersweet residue within their business loan portfolios.
Larry Middleman, president/CEO of CU Business Group LLC, said the new participation rule addresses lead lender risk.
To offer a suite of human resources and payroll products and services to their credit union business members, CU Business Group LLC has partnered with Paychex Inc. to make it happen.
The organizations teamed up in an effort to help credit unions become a one-stop shop for business members, CUBG said.
Depending on who you talk to, the credit union business lending landscape could easily be a mix of record loan growth peppered with a drop in delinquent debt to an environment that is thriving better than what bank competitors are experiencing.
While it’s been a little over a year since Telesis Community Credit Union went under conservatorship, credit unions may find there are still more lessons to learn from the cooperative’s collapse.
Business services specialist points at MBL exposure, loan loss allowances, dependence on CUSO revenue, high operating expenses.
If a credit union in the Pacific Northwest is hoping to compete with other financial institutions to woo a heavily sought-after executive for its business lending division, be prepared to make at least an $85,000 offer.
As banks ramp up recruiting, the impact may be seen at credit unions. Get the rundown in this preview from next week's print edition.