Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

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
New @TheNCUA video outlines field-of-membership options & strategies. http://t.co/AVbAfYIHby
51 minutes ago
#Creditunions NOT among most disliked companies of 2014, says @MarketWatch http://t.co/N1lMHMFkjL
1 hours ago
.@KearneyFCU in-school branch at Emerson Elementary School one of top education stories in Kearney NE in 2014 http://t.co/4riZWhV1Fn
1 hours ago
Maine Harvest credit union project aims to help small farmers, #creditunions #NewsNow http://t.co/JyHUnS4Oja
2 hours ago
Interchange update: Google sues MasterCard, Visa for 'supracompetitive' fees http://t.co/pHK19qdX8H
2 hours ago