PORTLAND, Ore. – CU Business Group – owned by Northwest Corporate, FirstCorp, Empire Corporate, Mid-States Corporate and First Carolina Corporate – has surpassed the $100 million mark in terms of business loans it has helped credit unions close. CU Business Group, originally formed by Northwest Corporate, started working with credit unions on business lending in late 2002. It is now working with 67 CUs in 15 states. It assists in underwriting and other things required to close loans. It also consults on the deposit side of business accounts. "We are receiving calls from credit unions across the country. Business services are becoming much more of a standard credit union product. The bar set by credit union members keeps rising, and business services are becoming a necessity to meet demands," said Larry Middleman, President/CEO, CU Business Group.
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