Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Canadian CU reps in La. to discuss MBLs
HARAHAN, La. (10/20/11)--Representatives from Servus CU, the third largest credit union in Canada, met with Louisiana credit union representatives met last week at the Louisiana Credit Union League’s headquarters in Harahan to share their knowledge on member business lending (MBL). The league worked with the World Council of Credit Unions (WOCCU) to identify Servus CU as a credit union with a robust business services department that also was willing to assist Louisiana credit unions in their development of business services, said the Louisiana Credit Union League (eNews Oct. 19). Servus CU, located in Alberta, offers a full menu of business products and services, including deposit accounts, loans, cash management, card services and employee solutions. While growing its MBL services, Servus remained true to the credit union philosophy, with a strong focus on member service, said the league. Louisiana credit union professionals participated in a study trip to Servus CU earlier this year, and last week’s sessions were built on the knowledge gained during that trip. During the meetings, attendees learned about different aspects of business services, including products and services and human resource requirements. The sessions emphasized: establishing and adhering to a “risk tolerance” monitor and mitigate risk; commercial loans, including operating loans, term financing, professional practice financing, leasing, and syndications; and the importance of effective sales and service and ongoing training. The Credit Union National Association and credit unions are urging Congress to increase credit unions' MBL cap because doing so would open up more opportunity to offer MBLs, inject $13 billion in loans into the economy and create about 140,000 new jobs, with no cost to taxpayers, CUNA said.


RSS





print
News Now LiveWire
What role are #creditunions playing in @gatesfoundation's 2030 vision of financial services? Read #NewsNow Monday
1 day ago
Consumers fear inaccurate info lingers on credit reports, says @FTC study Read @CUNA's News Now: http://t.co/RzNLMnaROO
1 day ago
@PCUA has formed a @LinkedIn networking group for former bankers turned #creditunion employees.
1 day ago
.@politico reports Democrats haven't picked the city yet, but their 2016 convention will be held the week of July 25.
1 day ago
.@cuna, @DCUC_HQ urge @CFPB to exempt #CUs from changes to Military Lending Act rules cuz CUs aren't part of the targeted problem. NN Monday
1 day ago