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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, announced it has formed a partnership with CU Business Capital (CUBC), a credit union service organization (CUSO) 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, processing, underwriting 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.

"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

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, 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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Publication:Business Wire
Date:Oct 5, 2006
Words:435
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