MEMBERS Business Solutions Aligns with Bankers Systems for Loan Processing

MADISON, Wis. – Less than a week after it released a new set of underwriting guidelines for member business loans, MEMBERS Business Solutions Co. has partnered with Banker Systems, Inc. Formed in June 2004, MBSC is a subsidiary of MEMBERS Development Co., LLC to provide services to credit union and CUSO member business services programs. These services include underwriting best practices and standards, start-up consulting, and the facilitation of a national secondary market for credit union member business loans. MEMBERS Development is jointly owned by credit unions and CUNA Mutual Group. MSBC will use Bankers Systems’ Rembrandt Lending System aims to increase the efficiency and productivity of a credit union or CUSO’s business lending program by simplifying the documentation process for business loans, according to Bob White, president of Bankers Systems and Wolters Kluwer Financial Services business unit. MSBC, along with CUNA’s Member Business Lending Peer Group, just recently released a new set of underwriting guidelines for member business loans on issues ranging from loan underwriting and documentation to loan processing and procedures used at credit unions Bankers Systems, Inc., a WoltersKluwer company and provider of compliance tools, technology, and services, currently serve more than 12,000 financial organizations and credit unions. “Bankers Systems and MEMBERS Business Solutions are working together to help credit unions build effective member business lending programs,” White said. “Both are committed to providing credit unions and their members with products and services designed specifically for them that will contribute to their overall success.”