BCU Buys Into Centennial Lending
Bellco Credit Union of Greenwood Village, Colo. has become the sixth owner of Centennial Lending, LLC, a Credit Union Service Organization (CUSO). With their purchase, Bellco will have a seat on the board of directors of Centennial Lending.
Bellco, the second largest credit union in Colorado, has assets of approximately $1.6 billion and 151,000 members. Centennial Lending, LLC, was founded in March 2000 for the purpose of providing commercial real estate, construction and residential mortgage loan services to credit union members.
The CUSO was founded by Premier Members FCU in Boulder, Colo., Norlarco CU in Fort Collins, Colo. and Warren FCU in Cheyenne, Wyo. In January 2004, SunCorp Corporate Credit Union became Centennial Lending's fourth owner and Colorado United CU came on board as a primary shareholder in August 2004.