BROCKTON, Mass. – The $1.3 billion HarborOne Credit Union has rolled out its first credit card aimed at small and medium sized businesses. The new card went to Stephen Mendoza, owner of the Precise Instrument Company, a firm which sells and services microscopes.
"This is a natural expansion of HarborOne's business," said James Blake, CEO of HarborOne. "There are many small and medium sized companies in the area, including home-based businesses that would benefit from our services. Our fast turnaround time on loans-three days in most cases-and the simple application process will be a big improvement compared to other financial institutions. We also have better rates and fewer fees, and we think small business owners will find us to be a breath of fresh air to deal with."
The CU introduced the card as part of its new line of business services in early spring 2006, the CU said. The other products include business deposit accounts, business loans and online banking services.
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.
