MAX CU Opens Equipment Leasing Division

Published February 22, 2009, 3:17 p.m. EST

Updated August 27, 2020, 12:48 a.m. EDT

1 Min Read

MONTGOMERY, Ala. – MAX CU said it has introduced commercial equipment leasing through a new unit, called MAX Leasing USA.

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The $750 million credit union plans to outsource most of back-office services, including accounting and evaluating equipment.

Business have to have at least a two-year record and good credit. Lease deals will range from $5,000 to $1 million with most around $50,000. Because the operation is a wholly owned CUSO, lease customers do not have to be members of the credit union.

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