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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.

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