X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MARLBORO, Mass. – Two more credit unions have linked up with MBL Services, LLC, a business lending CUSO, to become partners and co-owners. The newest partners include $225 million Granite State Credit Union of Manchester, N.H. and $270 million Bridgewater Credit Union of Bridgewater, Mass. They now have a one-eighth ownership stake in the CUSO and join six other New England credit unions, including corporate credit union EasCorp, as owners and partners. The CUSO formed in late 2004 primarily to provide centralized underwriting and servicing of small business and commercial real estate loans for credit unions throughout the six-state New England region. MBL Services’ President Fred Hashway also said that the CUSO had commenced operations as of February 1, 2005 and since then, $3 million of member business loan applications had been taken by participating credit unions within the first two weeks. The CUSO is expected to close on $2 million worth of loans by March 15, Hashway said. Looking forward, Hashway said the CUSO plans to roll out service to more credit unions in the New England area. MBL Services’ other owners include Digital Federal Credit Union, Marlboro, Mass.; First Citizens’ Federal Credit Union, New Bedford, Mass.; Jeanne D’Arc Credit Union, Lowell, Mass.; Northeast Credit Union, Portsmouth, N.H.; and Rockland Federal Credit Union, Rockland, Mass.

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.