JACKSONVILLE, Fla. — Members of Jax Federal Credit Union will now have access to a new business services program thanks to a partnership with CU Business Capital, LLC.
The $300 million CU will be able to offer a plethora of services including business loans, leases and participations, business deposit products, merchant services and business credit and debit cards. Jax Federal will also become a Tier 2 equity partner of CU Business Capital, which entitles it to discounts off the standard pricing structure, a vote to pick a Tier 2 board manager and dividends granted by the CUSO's board.
Jax Federal President/CEO Gerri Sexison said the CU "needed a complete business services program that would complement our existing services and fulfill the needs of our members."
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CU Business Capital was founded by $2 billion Eastern Financial Florida Credit Union.
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