With the addition of four new partners, business lending CUSO Northeast CUSO said it boosted its revenue by 19% and doubled its net earnings last year.
The Keene, N.H.-based CUSO said 2010′s revenue and earnings followed a profitable 2009. Northeast now serves 18 credit unions.
"We had a good year financially, despite continued weakness in local markets and flat servicing balances," said Scott Anderson CEO of Northeast. "Our ability to diversify revenue sources and add partners that are committed to business lending are the reasons we grew and made a profit. We also have a great team, at all levels, which is the key to our overall success."
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