Corporate Matchmaking For LoanParticipation
DULUTH, Ga. - (08/12/04) -- Georgia Central CU plans to roll outan online loan particiation service, called MemberMatch, later thismonth that will match credit unions anywhere in the U.S. who wantto participate in loans. To dat, particiapation in the service hasbeen limited to Georgia credit unions. The program connects creditunions interested in either buying or selling loans, stores thedata about loan participation pools that are available, as well asspecifics about what buyers are looking for. Purchasing creditunions may sign up to use the notification agent, which will alertthem when a pool of loans is posted meeting their criteria. Theservice will be offered free throughout the remainder of the year,after which it will be priced on a market-based feeschedule.