Constitution to Market CU Business Group's Wares

WALLINGFORD, Conn. – Corporates don’t have to become owners in CU Business Group to benefit from the CUSO’s business services. In a first for the CUSO, the $1.6 billion Constitution Corporate will market CU Business Group’s products to its credit union members. So far CU Business Group has been growing by adding corporate credit union owners, but this is the first time a corporate has signed on in this fashion. “We see this as an opportunity to offer our member credit unions services that can prove to be extraordinarily beneficial to their own members. Now business owners can look to their credit unions for business lending and other commercial services,” said Bill While, EVP for Constitution. CU Business Group is working with 94 CUs in 21 states and has so far processed loan packages totaling more than $200 million. The eight corporate CU owners are Northwest Corporate, FirstCorp, Empire Corporate, Mid-States Corporate, First Carolina Corporate, Louisiana Corporate, VACORP and VolCorp.