LANCASTER, Pa. — In a county with roughly 13 credit unions and eight of those under $15 million in assets flagging every single operational penny, Lanco Federal Credit Union felt the timing could not be better to offer a solution for those wanting to enter the small business marketplace.
The $46 million credit union has launched Vision One, a CUSO that will offer business loan and loan participation policies, risk analysis and risk rating services to credit unions with $50 million in assets and up. For those interested, the new provider will also help establish a lineup of business service products.
"We're reaching out to smaller credit unions in our community through the collaborative approach," said Barb Fortney, president/CEO of Lanco. "A lot of credit unions in the industry are small with limited assets. If we have the services to offer, why not help them establish business relationships."
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