PORTLAND, Ore. – Credit unions are beginning to service bigger business loan deals than ever before, but one thing hasn't changed: They must lean on one another in order to succeed as larger deals come their way.
That's according to Larry Middleman, CEO of the Portland, Ore.-based CUSO CU Business Group, which assists approximately 550 credit unions in 46 states with their business services programs. Middleman sat down with CU Times as the 2017 CUBG National Business Conference kicked off in Portland Monday to discuss the opportunities and challenges credit unions face today in their business services programs.
Middleman noted while credit unions are servicing bigger loans – such as a $45 million commercial loan CUBG recently assisted with that required participations from 13 different credit unions – the industry is still a small player in the banking world as a whole and must embrace collaboration in order to grow and move forward.
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Natasha Chilingerian
Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.
