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By the 1990s, the lending landscape in South San Francisco had changed considerably since a group of teachers came together in 1954 to charter a new credit union for access to small, personal loans.

Originally named the School Personnel Credit Union of South San Francisco, the cooperative decades later received regulatory approval to change its name to Sierra Point Credit Union and expand its field of membership to serve the entire area.

The $27 million credit union in South San Francisco is one of the more than 150 financial institutions that are clients of Business Partners LLC, a Chatsworth, Calif.-based CUSO founded and co-owned by the failed Telesis Community Credit Union. Sierra Point partnered with BP in 2004, nine years after the business lending CUSO launched in 1995, said Deborah Trapani, president/CEO of the credit union.

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