The $5.2-billion Empire Corporate Federal Credit Union has bought a one-third interest in CU Business Group, the business lending CUSO previously co-owned by Oregon-based Northwest Corporate CU and Arizona- based FirstCorp.
CU Business Group offers a suite of services aimed at helping credit unions serve their small business members, including underwriting, risk monitoring, document production, and participations. Deposit services include merchant bankcards, check processing and imaging, and electronic tax payments, to name a few. In addition, it offers program administration services that include marketing, compliance, education, as well as strategy and program planning.
"Serving small businesses' financial needs is the up and coming core relationship builder for credit unions," stated Empire Corporate CEO Joseph P. Herbst.
For info: www.cubusinessgroup.org.