Small Business Administration (SBA) loans are a valuable resource for small businesses seeking funding. Supported by the government, it reduces risk and enables easier access to capital, allowing financial institutions to provide business loans with more favorable terms. However, myths and misconceptions surrounding SBA loans deter business owners from pursuing this beneficial program. Understanding SBA […]
According to the latest report released by the National Credit Union Administration, credit unions remain mostly stable in their performance and resilient to the challenges of the current economic environment at the end of the first quarter of 2024. However, this doesn’t mean credit unions should become complacent. NCUA Chairman Todd M. Harper states that despite […]
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. $2.5 million of the loan, which was funded by MBFS partner credit unions, will […]
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.
