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

Products
Member Business Financial Services Reaches $200M Milestone
HARRISBURG, Pa. (7/30/13)--Member Business Financial Services LLC (MBFS), a Philadelphia-based credit union service organization, has reached the $200 million milestone for its loan servicing portfolio, the Pennsylvania Credit Union Association said.
 
MBFS provides loan servicing, portfolio management services, loan underwriting, coordination of loan participations and preparation of loan documents (Life is a Highway July 26).
 
Through June 30, MBFS closed 169 loans for $39.5 million this year for its 12 owner credit unions in Pennsylvania and Delaware. For the first half of 2013, underwriting business for MBFS increased 50%. Loan documentation services rose 27%.
 
MBFS funded its first loans in July 2008. By year-end 2012, about 20% of all credit union business loans in Pennsylvania and Delaware were held by MBFS-owner credit unions.
RSS





print
News Now LiveWire
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
8 minutes ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
5 hours ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
5 hours ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
7 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
7 hours ago