“Combining the abilities of these two entities is a win-win and will help credit unions to grow and thrive in the commercial services arena.” “We are excited to bring CUBG’s depth of staff and extensive suite of products and services to our credit unions,” said Blake Weathers, MBL Board Chair. The credit union owners of MBL were advised by Cornerstones Advisors on the transaction and are pleased with the success of the CUSO they built over the last 15+ years. “Enhancing CUBG’s SBA and loan servicing capabilities allows a more complete, end-to-end solution for all aspects of credit union commercial lending.” “We have many clients who use both CUSOs today and look forward to offering all of them a more comprehensive suite of commercial lending and deposit services,” said Larry Middleman, CUBG President/CEO. Both CUSOs’ commitment to technology will allow for more efficient processes and better access to platforms that support commercial lending.ĬUBG is excited to welcome both the staff and the credit union clients of MBL. The strengths and synergies of both organizations will create one powerhouse CUSO featuring CUBG’s commercial lending, business deposit consulting, participations, and education services coupled with MBL’s proven capabilities in SBA lending and loan servicing. The combined entity will provide a complete range of robust, full-service commercial solutions to credit unions and borrowers. MBL was established in 2004 and currently serves 59 credit unions, with 39 of those being owner credit unions. Formed in 2002, CU Business Group is a nationwide CUSO serving more than 600 credit union clients and owned by 6 corporate credit unions. (Portland, Oregon – March 1, 2021) – CU Business Group, LLC today announces the acquisition of business lending CUSO Member Business Lending, LLC. The combined entity will provide a complete range of robust, full-service commercial solutions for credit unions and borrowers.
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