
MBFS NEWS
Regulatory readiness: How credit union service organizations prepare for compliance in 2025
As a Credit Union Service Organization (CUSO), we operate at the nexus of innovation and regulatory diligence, empowering credit unions to serve their members more effectively—our role is both supportive and strategic. Looking ahead to 2025, regulatory readiness has never been more critical. With increasing scrutiny from bodies like the National Credit Union Administration (NCUA)…
How CUSOs drive innovation and growth in the credit union industry
Credit Union Service Organizations (CUSOs) are specialized entities designed to support the growth and competitiveness of credit unions by offering services they might not be able to provide independently. CUSOs are owned by one or more credit unions and operate in a collaborative spirit to develop and share resources, technologies, and expertise. They aim to…
Common SBA loan myths debunked: What business owners should know
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…
5 Key Credit Union Trends to Continue to Watch
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…
MBFS Finances $15.5 Million Apartment Acquisition
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…