Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
NEFCU named small-biz loan expeditor for Sandy victims
WESTBURY, N.Y. (11/16/12)--The National Credit Union Administration (NCUA) has approved NEFCU's designation as a Small Business Loan Expeditor. NEFCU, which serves all of Long Island, can now expedite business loans and lines of credit to help those recovering from the devastation of Hurricane Sandy.

With $1.9 billion in assets and nearly 150,000 members, NEFCU is headquartered in Westbury, N.Y., and has branches and a shared branch network throughout Nassau and Suffolk Counties.

"We know that Hurricane Sandy brought significant losses to many of our members, neighbors and communities," said Edward P. Paternostro, NEFCU president/CEO. "Being selected as a Small Business Loan Expeditor affords us the opportunity to make funds immediately available for restoration and rebuilding."

The Small Business Loan Expeditor designation allows NEFCU to streamline the loan application and underwriting process with the goal of making business loans and lines of credit as readily available to members as possible. "We appreciate that our business partners may have significant liquidity needs at this time, and we stand ready to support them with our special programs," Paternostro said.

Also, NEFCU was one of the first financial organizations to offer Hurricane Relief programs to consumers. For more information, contact Andrew Saluk at NEFCU at 516-714-2965.
Other Resources

RSS print
News Now LiveWire
Stay tuned for coverage of @CUNA's BSA conference which starts Sunday. #CUNABSA #CUNACompliance
15 hours ago
Today's the last day to complete @CUNA's Home Depot data breach survey #StoptheDataBreaches
17 hours ago
Brenda Davis of Cross Roads Ministries will walk through 83 communities during the Ending Hunger Walking tour. (2 of 2)
18 hours ago
The Ending Hunger Walking tour, coordinated by the Maine CU League, kicked off at Old Maine CU in Augusta today. (1 of 2)
18 hours ago
Darwin Brokke of Citizens Community CU represented the #CU Association of Dakotas at a housing summit hosted by @SenatorHeitkamp
18 hours ago