Member Business Financial Services (MBFS), a CUSO formed in 2008 to assist credit unions with underwriting, funding, and servicing member business loans, recently arranged a $9 million credit facility for the acquisition of a $15.5 million multi-family property in Hoover, Alabama.
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A Back-to-Basics Approach to Serve Members, Manage Risk
After experiencing explosive commercial loan growth in 2022, the pace of new loan originations is moderating throughout the industry on a national basis. In aggregate, credit unions funded more than $52 billion in commercial loans in 2022, a 25% increase over the previous year. Commercial loan balances increased by over 19% in 2022.
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Member Business Financial Services (MBFS), the business lending CUSO formed in 2008 that now services more than $2 billion in business loans and has partnered with over 80 credit unions nationwide, welcomes Craig Page as Chief Revenue Officer.
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Member Business Financial Services (MBFS), the business lending CUSO formed in 2008 that now services more than $2 billion in business loans and has partnered with over 80 credit unions nationwide, recently expanded its offerings with Concierge Relationship Manager Services.
Nu Direction Lending, LLC, the newly formed subsidiary owned by Member Business Financial Services (MBFS) designed to help credit unions efficiently serve the small business community's non-real estate lending needs, has funded its first $1 million in small business loans.
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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Join us for the 2019 Client Conference on Tuesday, November 12th from 1pm to 7pm at the Valley Forge Convention Center. Learn more about this annual half-day event and reserve your place today
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On May 9th, Member Business Financial Services (MBFS) kicked-off its first live video business lending training session for credit unions. Over 20 credit unions participated in this inaugural session.
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MBFS kicks off new program designed for the 1-4 family real estate investor to match up the financing they need directly with credit union lending in this segment.
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Learn more about our quarterly webinar series, Credit Union Business Lending Today, and review key highlights discussed during the last webinar.
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Come learn about the new tax reform legislation at our free workshop.
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Beginning this November, MBFS will host a quarterly webinar focused on assisting credit unions in expanding their business services
Read MorePhiladelphia based Member Business Financial Services, LLC (MBFS) is riding the momentum of increased business in 2017 to break the $500,000,000 mark for loan servicing.
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Member Business Financial Services (MBFS) has launched a shared Relationship Manager service for credit unions in Pennsylvania to share the expense and overhead of a lender in a manner that makes financial sense.
Read MoreMortgage service provider First Heritage Financial, LLC and Member Business Financial Services (MBFS) are proud to announce their new shared location in the Neshaminy Interplex in Trevose, PA.
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MBFS is a Credit Union Service Organization jointly owned by American Heritage Federal Credit Union, American Spirit Federal Credit Union, Century Heritage Federal Credit Union, Clearview Federal Credit Union, West-Aircomm Federal Credit Union, Discovery Federal Credit Union, Launch 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.
