Breaking NewsHauptman Confirmed as NCUA Board Member

 
X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BATON ROUGE, La. – It took two years of due diligence but Dow Louisiana Federal Credit Union says the research it gathered during that time will help launch its member business lending program. The $114 million credit union recently signed on with J.R. Bruno & Associates, a Glendora, Calif.-based business lending consulting firm, which will provide it with training, consulting and assistance with both member business loans and SBA loans. The timing seemed right to launch an MBL program given the credit union’s growth rate bolstered by taking in underserved areas but due diligence was “desperately needed in order to fulfill a burgeoning need from members,” said Jeff Hendrickson, president/CEO of DLFCU. “Dow Louisiana Federal Credit Union spent two years researching business lending and how we might approach this new product offering,” Hendrickson said, adding J.R. Bruno & Associates’ “solid, long-term approach to support” and “comprehensive step-by-step assistance” aided in their decision to go with the firm. Formed in 1972 by a small group of Dow Chemical employees, the credit union currently serves more than 13,000 members. It was named the 2004 Federal Credit Union of the Year by NAFCU for credit unions under $150 million in assets.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join 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.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.