PHILADELPHIA — Joining a handful of those here that have recently formed business lending subsidiaries, seven Pennsylvania credit unions are the latest entry with the launch of Member Business Financial Services LLC.

Opened in April, the CUSO is owned by American Heritage FCU, People First FCU, Choice One Community FCU, Service 1st FCU, Eagle One FCU, Keystone FCU and Viriva Community CU.

The CUSO will offer participation loans, loan processing, underwriting and servicing, and business deposit training, said Bruce Foulke, president/CEO of American Heritage.

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