WESTBURY, N.Y. — The $1 billion Nassau Educators Federal Credit Union has signed on with CU Business Capital, LLC as its latest equity partner.
The partnership allows NEFCU to offer a complete business services program that includes business loans, deposits, e-banking, credit cards and more, according to CUBC.
NEFCU will become a Tier 1 equity partner of CUBC, which entitles the credit union to a seat on the CUSO's board and the opportunity to direct the long-term growth strategy of CUBC.
Founded in 1938, NEFCU serves more than 109,000 members.
The $300 million Jax Federal Credit Union just recently signed on as an equity partner with CUBC.
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