PHILADELPHIA and EWING, N.J. — Philadelphia Federal Credit Union and the Credit Union of New Jersey have linked up to form East Coast Business Lenders, LLC.
The CUSO actually opened for business in October 2006 and will offer credit unions assistance with forming and expanding relationships with business members and select employee groups. ECBL will also help credit unions develop their business lending policy and procedures, and provide the education and training for their boards and staff to enable them to become advocates and referral sources of member business loans, the CUSO said.
According to ECBL CEO Kathie Stone, the CUSO is looking to form partnerships with credit unions in Pennsylvania and New Jersey.
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The $524 million Philadelphia FCU serves more than 97,000 members and the $211 million Credit Union of New Jersey serves nearly 35,000 members.
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