PORTLAND, Ore. - (07/07/03) -- CU Business Group LLC, the businessservices CUSO owned by three corporate credit unions, has signednew CU clients in three states. Signing on with thecompany are Patelco CU and Steinbeck CU in California, Potlatch No.1 FCU in Idaho, and ABCO CU in New Jersey. CU Business Group saidit now serves 28 credit unions in six states across the country.The $3-billion Patelco CU specializes in loan participations. "Wewant to shore up our underwriting resources and diversifygeographically," said Chris Oldag, Patelco's Senior VP of Lending.Potlatch No. 1 FCU, which said it has just more than 40% retailmarket share in its core markets, said it believes it can achievesimilar penetrations among small businesses. CU Business Group isjointly owned by Northwest Corporate, FirstCorp and EmpireCorporate.
Business Services CUSO AddsCUs
July 07, 2003, 1:00 a.m. EDT 1 Min Read
