A joint marketing deal has been agreed upon by the Credit Union Acceptance Co. LLC and CU Business Capital LLC.Founded in 1998 by eight Houston credit unions, CUAC provides indirect financing in the auto lending market. The CUSO serves more than 58 credit unions with more than 1.2 million members in six states. The Miramar, Fla.-based CU Business Capital offers a suite of business lending, business deposit and cash management services.Adrian Dominguez, CEO of CUAC, said the new partnership will create opportunities for CUs to expand their investment into business loan participations. The alliance aims to also help build national interest among small business owners to consider credit unions for their financial needs, said Murray Halperin, senior vice president of institutional sales at CUBC.–[email protected]

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.