A reduction in overhead expenses was the largest contributingfactor to Business Partners LLC being profitable for the firstthree months of 2013, the member business lending CUSO saidMonday.

According to officials, the organization analyzed multiple areasto cut costs.

“In many ways, Business Partners is redefining itself by getting back tobasics. We have a very strong capital position so we can reinvestin the business by making improvements in technology, while at thesame time making significant improvements to our balance sheet byreducing expenses,” said Dave Maus, president/CEO of the $1.2billion Public Service Credit Union in Denver and board chairman ofBusiness Partners in Chatsworth, Calif.

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