Kent Moon, president/CEO of the CUSO Member Business Lending LLC, retired Friday.

"I've thoroughly enjoyed my time and tenure working with the dedicated member service team at MBL," Moon said. "I believe our hard work the past several years to attain our current leadership position as the go-to CUSO for credit unions will continue to pay off for years to come."

Under Moon's tenure since 2004, the West Jordan, Utah-based MBL generated more than 7,000 member business loans totaling nearly $2 billion, according to the CUSO.

Moon said MBL was the first third-party service provider organized under the SBA's service provider regulations in 2004. Shortly thereafter, the CUSO generated 78% of all credit union SBA 7(a) loans nationwide, he added.

"MBL clients can rest assured their needs will continue to be addressed quickly and professionally by the staff here at MBL they have come to know and trust," Moon said. "I look forward to enjoying my retirement and know that the team at MBL will continue the good work we've started."

Moon said he and MBL's board had been working on his retirement exit over the last year. During the last month, both agreed that Nov. 7, the day after the CUSO's MBL Summit, would be his last day at the helm.

The final selection of a permanent CEO is being deferred until an appropriate executive search process to be put in place, according to Moon.

Before joining MBL, Moon was a SVP of  Zion's First National Bank where he designed and implemented virtually all aspects of the bank's small business program, including marketing, processing, closing and securitizing the bank's 7(a) & 504 small business portfolios, according to the CUSO.

Prior to his time at Zion's Bank, he served as district director of SBA's Utah district where he was responsible for the agency's loan programs.

Moon's directorship followed many SBA leadership and community positions, including service as financial analyst/senior technical advisor for SBA's headquarters in Washington, D.C., where he developed many policies and procedures that still govern SBA lending nationwide, according to MBL.

Considered  to be a nationally recognized authority in small business development and commercial lending, Moon has also written numerous articles and books on small business and American capitalism.

 

 

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