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The Board of Member Business Financial Services (MBFS), the CUSO formed in 2008 to assist credit unions with funding member business loans in their markets, recently approved up to $30,000 in matching donations to local food banks for credit unions involved in the PPP loan program. MBFS has helped 30 of its partner credit unions fund 2,700 Paycheck Protection Program (PPP) loans for a total of $147 million.
Read MoreMBFS, the CUSO formed in 2008 to assist credit unions with funding member business loans in their markets, recently exceeded $1 billion in servicing assets and helped partner credit unions fund 2,700 Paycheck Protection Program (PPP) loans for a total of $147 million.
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MBFS recently welcomed four new owners, expanding its ownership group to a total of 13 credit unions. The new owners are Century Heritage FCU, West-Aircomm FCU, Launch FCU, and Sun East FCU.
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MBFS offers a wide variety of services to help your credit union throughout the complete life cycle of the business loan relationship. Your credit union can focus on the building and maintaining member relationships while MBFS supports your credit union’s operations.
MBFS works on-site with credit union management to develop a business loan policy that aligns with the credit union’s credit culture, strategic goals, and the NCUA regulatory guidance...
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MBFS works with small business owners and real estate investors to bring the right financial solution to credit unions and their members...
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MBFS works with wide variety of business owners and real estate investors to bring you the credit services and terms to grow your organization...
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MBFS offers in-house business loan servicing to our client credit unions. A challenge in the industry is that many core systems for credit unions have not been designed to support business...
Read MoreWhat small business owners and credit unions have to say about us!
"We have grown business lending by over 50% in the past twelve months. Partnering with MBFS has made that growth possible and insured our members received great service throughout the loan process."
MBFS is a Credit Union Service Organization jointly owned by American Heritage Federal Credit Union, Viriva Community Credit Union, American Spirit Federal Credit Union, Century Heritage Federal Credit Union, West-Aircomm Federal Credit Union, Discovery Federal Credit Union, Launch Federal Credit Union, Sun East Federal Credit Union, People First Federal Credit Union, Erie Federal Credit Union, Choice One Community Federal Credit Union, Eagle One Federal Credit Union, and Service 1st Federal Credit Union.
