PORTLAND, Ore. – Northwest Corporate and FirstCorp are proving that corporates can be a viable player in helping credit unions serve businesses. Northwest formed a business services CUSO last year dubbed CU Business Group, LLC. Shortly thereafter FirstCorp signed on as a partner. CU Business Group recently announced that it signed on four new CU clients in Arizona, home state of FirstCorp. The four credit unions are Tempe Schools CU, Arizona Central CU, Desert Energy CU and Safe Q CU. According to CU Business Group, the average business loan it either underwrites or recommends approval of is worth about $500,000. "Our conservative underwriting standards have resulted in recommending some denials as well as approvals," said Larry Middleman, president/CEO of CU Business Group. [email protected]
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