LITTLETON, Mass. — Northern Massachusetts Telephone Workers Community Credit Union is the latest to partner with Octant Business Services, a commercial loan underwriting and servicing CUSO.
Octant is now owned by nine New England credit unions including Eastern Corporate FCU. A wide range of services was among the factors that led the $435 million Northern Massachusetts Telephone Workers Community CU to choose Octant according to the CUSO.
"It's extremely important for us to have a trusted source for loan underwriting, collections, and other portfolio administration activities," said Ken Del Rossi, president/CEO of the credit union.
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Bob Cipriani, president of Octant, said the CUSO has a nearly four-year track record of helping credit unions' business lending programs.
"In the current market environment, traditional lenders have turned their backs on many businesses. As a result, credit unions are seeing a tremendous spike in applications, and many new relationships are underway," Cipriani said.
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