Lending Solutions Inc. Forges Comprehensive Turnkey Program with CU Business Capital.Program Enables Credit Unions to Broaden Range of Business Services ELGIN, Ill. -- Lending Solutions Inc., a provider of lending center services and consulting programs for financial institutions across North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , announced it has formed a partnership with CU Business Capital (CUBC CUBC Cambridge University Bridge Club (UK) ), a credit union service organization A Credit Union Service Organization (CUSO) allows a credit union the ability to conduct business that they would otherwise be restricted from due to regulatory constraints. (CUSO CUSO Credit Union Service Organization CUSO Canadian University Services Overseas CUSO Canadian University Services Organization CUSO Carson United Soccer Organization ) that helps credit unions expand their relationship with select employee groups and businesses. CUBC helps credit unions broaden their scope to include a full range of commercial services such as business lending, cash management, corporate checking, leasing products, deposit services and corporate credit/debit cards. Lending Solutions can provide 24/7 loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , processing, underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. and servicing among other business lending solutions. The alliance between CUBC and Lending Solutions enables credit unions to strengthen and maintain small- to mid-sized business relationships by offering corporate clients competitive business services efficiently and inexpensively in·ex·pen·sive adj. Not high in price; cheap. in  ex·pen sive·ly adv. . "By merging our efforts with CU Business Capital, our Business Services program provides our credit union clients with all the basics necessary to launch and run a successful commercial lending program without having to establish, train and fund its own separate department," said Lee Kolquist, president of Lending Solutions. "Our clients may now enjoy the additional benefits of a proven source for funding, loan growth and stability while controlling costs." "The combined capabilities of CU Business Capital and Lending Solutions will allow credit unions to enter into member business lending or enhance their current business services," said Bert Bryan, president of CU Business Capital. "The collaboration maximizes each credit unions' competence and realm of services as well as increases their profitability." CUBC and Lending Solutions will be hosting informational webinars on Oct. 16, Oct. 23, Oct. 30 and Nov. 6. For registration information, please visit www.cubusinesscapital.com. About CU Business Capital, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control CU Business Capital is a national CUSO focused on helping credit unions offer a full suite of business services, business deposits, ebanking, payment solutions, card programs and business lending. These services are supported with best-in-class technology, operational procedures The detailed methods by which headquarters and units carry out their operational tasks. , training and policies. Its staff is comprised of experienced business lending and cash management professionals who work with leading industry vendors as strategic partners. CUBC's approach incorporates existing core systems in making decisions to offer business services. www.cubusinesscapital.com. About Lending Solutions Inc. Lending Solutions Inc. has been a provider of lending center services and consulting programs for financial institutions across North America since 1994. The company's highly trained, professional staff provides 24 hour lending services to approximately 300 of North America's premiere credit unions, banks and mortgage companies. For further information on Lending Solutions, please visit the company's Web site at www.lendingsolutions.com. |
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