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Credit Unions Help U-Haul Refinance Corporate Debt

Partnership exposes moving company to lenders it hasnt worked with in the past.

By Michelle A. Samaad | Updated on December 03, 2013

In a move to establish relationships with new lenders, AMERCO, the parent firm of U-Haul, said it recently partnered with four credit unions and 19 banks to fund $100 million of the moving company’s corporate debt.

BancAssets LLC, a majority-owned interest of Austin, Texas-based BancVue, a provider of products, marketing, and data consulting solutions to financial institutions, said it closed the loan with MidFirst Bank serving as the lead bank and agent.

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