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ARVADA, Colo. – Credit unions now have another product they can offer their business members – equipment lease financing. Credit Union Leasing, a division of LeaseProcess, has launched a full-service Equipment Lease Financial Program for credit union business members that will allow credit unions to lease the equipment to business members such as home-based businesses, start-ups, sole-proprietors, partnerships, corporations, and limited liability corporations, and generate non-recourse fee income. Lease financing plans from CUL can include all equipment warranties, tax, freight, installation, and training. Credit union Web sites will have on-line equipment lease applications with proprietary database and customer relations management software to speed up the leasing process as well as the reporting of leases in process. In addition, CUL will manage and process all credit union member equipment lease inquiries, applications, and funding.

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