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Oregon Lending CUSO Reaches $2 Billion Milestone

CU Business Group LLC announced today it has reviewed more than $2 billon in member business loans since the CUSO launched in 2002.

By Michelle A. Samaad | Updated on October 08, 2009

CU Business Group LLC announced today it has reviewed more than $2 billon in member business loans since the CUSO launched in 2002.

The Portland, Ore.-based CUSO recently compiled industry business loan quality data from the June 30 NCUA and FDIC reports. The data showed delinquencies of 5.32% for all banks and 5.59% for banks with less than $1 billion in assets as compared with 4.23% for all credit unions. Net charge-offs for all banks were 0.76% and 0.43% for banks with less than $1 billion in assets. For credit unions, charge-offs were 0.38%.

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