Member Business Financial Services, LLC (MBFS) was created to assist credit unions in providing services to the local business community in a safe, efficient, and effective manner. Owned by credit unions, MBFS uses that inside perspective to capitalize on the cooperative nature of the credit union movement in helping credit unions provide business loans and other financial services at a cost lower than they could individually. Since its inception in 2008, the CUSO has grown to manage 2,300+ business loans with more than $750 million in business loan balances.
Learn more about opportunities for revenue and growth March 7, at 1 pm ET. Register by emailing contact information to MBFS Webinar.
Business Loan Training and Program Strategic Development
MBFS offers comprehensive training to credit union boards of directors and senior management on a wide variety of topics. Training can be delivered in multiple formats, including online webinars, live video and in-person training. All programs are customized to meet the specific needs of individual credit unions with consulting engagements focused on a wide range of strategic topics, including: loan policy development, operational processes and procedures, sales planning, and risk management.
Credit Union Shared Relationship Managers
A serious challenge for credit union business services programs is hiring and retaining skilled, qualified candidates in a cost-effective fashion. To address this need, in 2015 MBFS began offering credit union clients a Shared Relationship Manager service. In this model, MBFS hires a business lender to work in a geographic market shared among credit unions. Participating credit unions share in new loan originations and may choose to purchase a portion of all loans originated. Coupled with the NCUA’s new business lending regulations, this system allows credit unions to efficiently grow their portfolios of both member and nonmember business loans (the latter of which do not count against the business lending cap).
To learn more about how these products may benefit your credit union, please feel free to contact us at firstname.lastname@example.org
- New Loan Credit Analysis
- Annual Reviews
- Portfolio Reviews
- Loan Documentation
- Loan Servicing
- Portfolio Monitoring & Reporting