The Regional CUSO Alliance, a group comprising more than a dozen business lending CUSOs, will meet in May to exchange best practices and address industry challenges and opportunities.
The focus of the meeting will be to review and discuss the current lending climate and regulatory initiatives, according to the alliance. At past meetings, attendees have worked together to develop shared underwriting standards, participation processes and agreements, regulatory documents and more.
Representatives from the NCUA and National Association of State Credit Union Supervisors are scheduled to attend the RCA's meeting.
Mark Bostock, president of construction, commercial and mortgage lending CUSO Centennial Lending LLC in Denver and one of the founding members of RCA, cited the importance of the group and gathering.
“We're in the business of helping credit unions compete and grow. CUSOs helping CUSOs is an unselfish collaboration model that allows credit unions to benefit from a collective effort,” Bostock said.
The meeting will take place May1-2 in Ann Arbor, Mich., and will be hosted by the Michigan Business Connection, a commercial lending and underwriting CUSO.
Bill Beardsley, president of MBC, said RCA has had great exchanges with regional and national regulators and examiners at previous gatherings and the group is looking forward to a collaborative dialogue in May.
Formed in 2009, the RCA said its members collectively serve nearly 500 credit unions and has more than $3 billion in commercial lending assets.
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.
