Secondary Market Eyed For CU BusinessLoans

January 26, 2005, 1:00 a.m. EST 1 Min Read

MADISON, Wis. - (01/26/05) -- MEMBERS Business Solutions, a CUSOdeveloping a secondary market for credit union business loans, saidTuesday it has contracted with Bankers Systems to implement thecompany's Rembrandt Lending System to help establish loandocumentation. Bankers Systems, a unit of WoltersKluwer, will alsoparticipate on a committee formed by MEMBERS Business to helpcreate documentation requirements for a national secondary marketfor member business loans. MEMBERS Business Solutions I a unit ofMEMBERS Development Co., LLC, which is owned by credit unions andCUNA Mutual Group.

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