3 More Sign With Business Services CUSO

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CU Business Group LLC, the business services CUSO owned by three corporate credit unions, has signed new CU clients in three states. Signing on with the company are Patelco CU and Steinbeck CU in California, Potlatch No. 1 FCU in Idaho, and ABCO CU in New Jersey. CU Business Group said it now serves 28 credit unions in six states across the country. The $3-billion Patelco CU specializes in loan participations. "We want to shore up our underwriting resources and diversify geographically," said Chris Oldag, Patelco's Senior VP of Lending. Potlatch No. 1 FCU, which said it has just more than 40% retail market share in its core markets, said it believes it can achieve similar penetrations among small businesses. CU Business Group is jointly owned by Northwest Corporate, FirstCorp and Empire Corporate. For info: 866-484-2876, or www.cubusinessgroup.org.

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