NEW YORK – Newtek Business Services, Inc. has rolled out a new Web site exclusively for credit unions on how to expand their portfolio of business services.
The site, www.cusmallbusiness.com, can be used to access services offered by Newtek's Business Solutions platform, the company said. The site also includes testimonials from credit union members and partners, information about Newtek's marketing and training support, background on the Newtek Referral System and information about CUNA-related products.
Since 2003, Newtek has been CUNA's exclusive alliance provider for SBA lending and electronic payment processing to credit unions' business members, and the relationship was expanded to include web hosting, data storage, outsourced digital bookkeeping and tax services earlier this year. Newtek said it currently has more than 200 contracts for services with credit unions and is endorsed for one or more services by 35 state credit union leagues. "Newtek does an excellent job of working with credit unions to help them strengthen their business services offerings and I think the new website, along with the additional business services that CUNA Strategic Services added earlier this year, is an excellent resource for credit unions," said Wes Millar, senior vice president of strategic services for CUNA Strategic Services, Inc. On June 1, Newtek was scheduled to appear before a NASDAQ Listing Qualifications Panel to address why it missed the deadline for filing its 10-K annual report for the year ending Dec. 31, 2005, which its has since filed, and present a plan for filing its Form 10-Q for the quarter ending March 31, 2006. At press time, an outcome on the hearing was not available.
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