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DENVER – SunCorp Corporate Credit Union has become a 25% owner in a mortgage CUSO owned by SunCorp member credit unions, and that may be just the beginning. The CUSO is Centennial Lending LLC based in Longmont, Colorado. It was formed by Norlarco CU, Premier Members FCU and Warren FCU, and currently serves 20 CUs. From SunCorp’s point of view, this deal is about more than just Centennial Lending. SunCorp serves about 50 CUSOs in some shape or form, but this is the first time it has invested in one. SunCorp President/CEO Eric Kenealy said SunCorp has a new policy where it will be available to provide capital investment to other interested CUSOs. “The SunCorp Board made it clear that investments will be made on a non-exclusive basis, meaning any of our CUSO members are eligible for a capital investment,” said Kenealy.


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