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CU System
CUSOs have pivotal role in biz lending says SBA rep
SAN DIEGO (10/21/08)--Credit union service organizations (CUSOs) have a “pivotal role” in providing their expertise when it comes to business lending at credit unions, according to a speaker at a recent National Association of Credit Union Service Organizations (NACUSO) conference. “CUSOs have an extraordinary opportunity,” said John M. Wade, chartered financial analyst with the Small Business Administration’s (SBA) Office of Financial Assistance. He also noted that the SBA also offers additional resources some individuals might be unfamiliar with and that CUSOs could provide as additional lines of service, such as ETRAN capability. ETRAN is a web-based loan application developed by the SBA. The NACUSO conference, the Member Business Services Alliance, was held Thursday in San Diego. It drew 125 attendees. The conference also offered member business lending training led by Member Business Lending LLC President Kent Moon.
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