PORTLAND, Ore. – Northwest Corporate and FirstCorp are proving that corporates can be a viable player in helping credit unions serve businesses. Northwest formed a business services CUSO last year dubbed CU Business Group, LLC. Shortly thereafter FirstCorp signed on as a partner. CU Business Group recently announced that it signed on four new CU clients in Arizona, home state of FirstCorp. The four credit unions are Tempe Schools CU, Arizona Central CU, Desert Energy CU and Safe Q CU. According to CU Business Group, the average business loan it either underwrites or recommends approval of is worth about $500,000. "Our conservative underwriting standards have resulted in recommending some denials as well as approvals," said Larry Middleman, president/CEO of CU Business Group. [email protected]
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
