LAKE BUENA VISTA, Fla. — Gaming, solar projects and small business lending are promising niches.
From increasing services to mitigating risks, the benefits of partnering with CUSOs and other vendors run the gamut, experts say.
Benefits in partnering with CUSOs and other vendors are real, but so are the dangers if not monitored correctly, experts say.
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.
There is a growing industry backlash against the criteria for member business loan waivers.
NCUA program officer gets an earful about business loan waivers from NACUSO attendees.
LAS VEGAS — Some say credit unions, CUSOs get mixed messages about who's responsible for due diligence in business lending.
NCUA spokesman confirms meeting cancellation was to delay release of rule so more work could be done. CUSO lawyer, NACUSO CEO approve.
At one point, the high-flying commercial lending CUSO formed through Eastern Financial Florida Credit Union funded more than $200 million in business loans and served dozens of credit unions nationwide.