Catalyst Corporate then coordinates the processing of documents between sellers and buyers, processes the settlement transaction, and provides monthly reporting and remittance services, the corporate said.

While loan participations are not new, the corporate's new service opens up the market to a potential nationwide network of credit unions, said Jeff Hamilton, vice president of lending at Catalyst Corporate.

“It is no secret that larger credit unions are capturing a considerable percentage of the loans and could run into cap limits, while smaller credit unions have capacity and a need for loans,” Hamilton said. “We think Catalyst Corporate's loan participation service is well-positioned to help credit unions cooperate in a way that ultimately helps all credit union members.”