X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LAS VEGAS — It may be a first for the credit union industry: a business lending CUSO that serves both banks and credit unions.

But two former bankers are convinced that serving both groups in harmony can work through the newly-launched North Star Business Services. Opened in January, the CUSO offers originating, underwriting, documenting and servicing commercial real estate loans as well finance equipment loans of at least $250,000. Nearly six months since opening its door, North Star has amassed $6 million in commercial loans for mostly developers on strip malls, industrial building and commercial office parks, according to David Osburn and Mark Moody, the CUSO’s managing members.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Dig Deeper

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.