Business Lending CUSO to Serve NewEngland CUs

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MARLBORO, Mass. - (10/25/04) -- Six New England credit unions haveformed a CUSO to provide centralized underwriting and servicing ofsmall business and commercial real estate loans for credit unionsin the six-state region. Called MBL Services LLC, the new CUSO willbe headquartered here at Digital FCU, one of the owners; withformer banker Fred Hashway serving as CEO. Other owners are:Eastern Corporate FCU, Woburn, Mass.; First Citizens' FCU, NewBedford, Mass.; Jeanne D'Arc CU, Lowell, Mass.; Northeast CU,Portsmouth, N.H. and Rockland FCU, Rockland, Mass.

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