TALLAHASSEE, Fla. — With three years and $350 million in business loans underwritten under its belt, Member Business Solutions said today that it has reached profitability.
The CUSO is owned by Southeast Corporate Credit Union and Georgia Central Credit Union and currently serves 45 credit union partners in 12 states.
"From day one, our mantra to credit unions has been 'focus on small businesses,'" said Jim Gallagher, president of MBS. "The best loans for credit unions tend to be for $500,000 or less, not multi-million dollar development loans."
Recommended For You
While pleased that MBS has become profitable, Gallagher believes that even more important is what the CUSO has been able to do for its partner credit unions saying "MBS is a natural fit for credit unions, and credit unions are a natural fit for business owners."
"It's a market that has long been underserved by banks," Gallagher said. "In fact, banks are just now recognizing the value of small-business customers."
© 2025 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.
