SALT LAKE CITY and HONOLULU — Member Business Lending, LLC has opened a regional office in Honolulu.
The new Hawaii office will serve as the base for a growing number of credit unions seeking MBL affiliation in this high-potential region for member business lending, according to the CUSO. Baron S. Nakamura, who will oversee the office, previously held senior positions with Pearl Harbor Federal Credit Union, University of Hawaii Federal Credit Union and, most recently, Honolulu Federal Credit Union.
"The opening of this new regional office is an important milestone in MBL's plan to quickly expand into markets throughout the U.S., and thereby expand opportunities for the nation's underserved small businesses," said Kent Moon, president/CEO of MBL. "Based on highly successful results in our initial markets, we anticipate rapid expansion into other areas, beginning with this move into Hawaii."
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Nakamura agreed, saying the Hawaii market is more than ready for active member business lending. Of the 96 CUs in Hawaii, fewer than 10 currently offer business services, according to MBL.
"The credit union market in Hawaii is ripe for the type of value MBL can provide in member business lending services; it's a great fit," said Nakamura.
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