The $167 million Southbridge Credit Union and the $83 million Cambridge Portuguese Credit Union are the latest to partner with Northeast CUSO, a business lending entity.
The Keene, N.H.-based CUSO now provides services to 13 credit unions in five states. Launched in 2005, Northeast has processed more than $400 million of its partners' small business and commercial real estate applications, according to the CUSO.
Northeast Chairman Fred Healey said the new collaborations will continue to help credit unions reduce the costs of providing lending services to small businesses. Healey is also president/CEO of $645 million Workers' Credit Union in Fitchburg, Mass.
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