TALLAHASSEE, Fla. — With three years and $350 million in business loans underwritten under its belt, Member Business Solutions said today that it has reached profitability.
The CUSO is owned by Southeast Corporate Credit Union and Georgia Central Credit Union and currently serves 45 credit union partners in 12 states.
"From day one, our mantra to credit unions has been 'focus on small businesses,'" said Jim Gallagher, president of MBS. "The best loans for credit unions tend to be for $500,000 or less, not multi-million dollar development loans."
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