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CUBG kicks off 2011 with 35th CU
PORTLAND, Ore. (2/14/11)--Business services credit union service organization (CUSO) CU Business Group (CUBG) began 2011 by adding its 350th credit union client, Dover FCU of Dover, Del. Dover FCU is also CUBG’s first credit union client in Delaware. CUBG now serves credit unions in 41 states. In January, CUBG added six credit union clients, bringing the company’s client total to 353. In 2010 the organization signed 28 new credit unions. President/CEO Larry Middleman attributed much of CUBG’s growth to the addition of new products and services in 2010. The CUSO began offering remote-deposit capture and automated clearinghouse (ACH) origination solutions for businesses last year, and launched a full-service Small Business Administration lending program. The organization has seen a rise in demand for third-party reviews of member business lending programs and portfolios, Middleton said. CUBG performed 36 specialty consulting projects in 2010. Demand has also grown for training, Middleton said. In addition to its regular webinars and regional training sessions, CUBG now offers courses for credit union boards and business loan committees and custom training for credit union business services staff.


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