Sept. 1, 2008


  • I agree that as an idustry we must collaborate and share our strenghts to advance the credit union movement. Currently we have organized a CUSO to provide credit unions the opportunity to purchase comercial loan participations. We provide the policies and risk analysis. This allows a small credit union the ability to offset the current decline in loan demands we are seeing in some markets by purchasing commercal loan particiapations. We have the qualified staff to provide this service so it seemed like "why not" do it. Note: Before coming to LANCO FCU, I provided this service as an independant consultant.
    Barry Ashenfelder