LITTLETON, MASS. (3/6/12)--Octant Business Services, LLC, a credit union service organization offering business-loan underwriting, servicing and portfolio administration, is returning a 10% dividend to its owners--the third year on a row for such a payout.
The company also has expanded its client base to include 19 credit unions and earned the highest net profit in the company's history.
Member business lending provides an opportunity for credit unions to grow their membership, as well as improve their communities by turning small-business owners' dreams into reality," said Bob Cipriani, Octant Business Services president/CEO.
Octant also announced that Tom White, president/CEO of Rockland (Mass.) FCU, was elected to serve as chairman of the board. Mark Cochran, president/CEO of Jeanne D'Arc CU, Lowell, Mass., was elected vice chairman.