Why should my credit union participate in business lending?
Providing additional products and services to your members is good for your credit union. By participating in business loans through Cooperative Business Services, you can serve business members who may not otherwise use your credit union. Your credit union can diversify its assets and minimize its risk through affiliation with a business lending CUSO.
How do credit unions benefit from an affiliation with CBS?
- Loan growth and profitability for a minimal investment
- An expert business loan department for your credit union
- Credit unions can fund large business credits with reduced risk
- Credit unions move one step closer to our members "Main Street, America"
- Business lending promotes credit unions to potential new members and SEGs (select employee groups)
- Credit unions are seen as "good corporate citizens"
- Cooperative Business Services trains and works with your staff to market and sell member business services
- Cooperative Business Services leverages the credit union movement's cooperative franchise
What is loan participation?
Loan participation is the shared funding of business loans made to members of the originating credit union. All documents contain the originating credit union’s information. Credit union participants can share the funding of a loan allowing them to reduce risk and maximize income.
What size of credit unions does CBS serve?
Cooperative Business Services has the ability to serve credit unions of all sizes. Our current members range from $32 million in assets to over $1.1 billion in assets.
Does CBS offer any kind of training?
Yes. We offer a variety of training classes designed for credit union employees who represent their credit unions as the point of contact for business loans. Please view our Training & Seminars page for more information.