CHATSWORTH, Calif.-Telesis Community Credit Union has earned Preferred Lender Program status from the Small Business Administration. “Combining our PLP authority and the ability to credit score the business owner’s loan request will give us the leverage to better serve our small business members. When small business owners come to us for their financing needs, we can give them a better turn-around time on their SBA loans. The faster we can approve an SBA loan, the faster our small business members can meet their financial goals,” Telesis President and CEO Grace Mayo said. PLP is the top of three SBA lender categories. Telesis is the first credit union in California to receive this designation. As a PLP member, Telesis has earned the right to a streamlined process and added flexibility in loan application and servicing requirements; expedited loan approval and other SBA decisions; and authority to originate and service guaranteed loans in the same manner as other loans. Telesis, headquartered in Chatsworth, Calif., has been an SBA lender since 2001. The credit union serves over 31,000 members and has over $420 million in assets.
An expert issues a warning, “Time is up – companies need to be proactively protecting their attack surface..."
The drop suggests the housing market is still struggling as buyers strain to find affordable options.
PSCU also announced that almost 50% of its employees completed training on the significance of the credit union movement.
Sponsored by Kaufman Hall
Build a better budget! Learn 6 best practices for leveraging the appropriate financial and operational data, processes and tools to improve planning, efficiency and accuracy to drive improved profitability.
Sponsored by Harland Clarke
Digital search is evolving. Explore 4 vital indicators your credit union needs to optimize to provide relevant information, and drive engagement during moments of opportunity with existing and potential members.
Credit Union Times
Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!
- Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
- Exclusive discounts on ALM and Credit Union Times events.
- Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.
Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.