Business Lending Group Hits $50M In Under 1 Year

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Less than one year after commencing operations, CU Business Group, LLC said it has processed more than $50 million in business loans. The CUSO is jointly owned by Empire Corporate, Arizona-based FirstCorp and Oregon-based Northwest Corporate. The company offers a suite of services targeted at helping credit unions serve their small business members' needs. "Loan packages are much larger than we anticipated," noted Larry Middleman, President/CEO, CU Business Group. "Credit unions are doing an excellent job of tapping into the pent-up demand from businesses in their markets. Loans are averaging well over $600,000 as businesses are quick to embrace their credit union as a full financial services provider."

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