The $398 million Financial Resources Federal Credit Union is now the fifth credit union in New Jersey to receive the SBA's Preferred Lender designation.
|The agency's Preferred Lenders program allows selected lenders to make all final credit decisions and most servicing and liquidating responsibilities. The SBA said it still checks loan eligibility criteria.
|According to the New Jersey Credit Union League, Financial Resources FCU in Bridgewater, N.J., is one of five credit unions participating in the SBA's Preferred Lenders program.
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