CU Business Capital and the Maryland & DC Credit Union Association
Form a Business Services Alliance
Miramar, Florida & Columbia, Maryland – February 29, 2008 – CU Business Capital, LLC (CUBC) and the Maryland & DC Credit Union Association (MDDCCUA) have formed a strategic alliance to provide a full range of Business Services and Products for MDDCCUA-affiliated credit unions and the businesses around the branches of those credit unions. In conjunction with this agreement, both will conduct various seminars, roundtables and luncheons on topics including:
- Business Loans, Participations, Leases and Syndications
- Business Checking Account Programs and Services
- Remote Check Capture
- On-Line Business E-Banking
- Merchant Services
- Prepaid Credit, Debit, Payroll and Phone Cards
- Business Services Phone Center and Fulfillment
- Strategic Growth Plans to Drive Success and Revenue at each Credit Union Branch
- Training and ongoing support
“We are thrilled to be able to assist the Maryland & DC Credit Union Association with helping their member credit unions segue into business services to achieve core deposit and new member growth. This alliance will bring to the forefront for all of MDDCCUA member credit unions, methods to accomplish implementation and supporting products and services needed to effectively and competitively compete in the business services arena,” said Murray Halperin, Senior Vice President of Marketing and Business Development. “It is not about when credit unions will offer business services, because the need is here now. Rather, it is about how they will now offer competitive business products and services to their members. The MDDCCUA has recognized this and made it a part of their culture.”
Mike Beall, CEO of MDDCCUA welcomes the addition of CUBC as a strategic business partner. “Credit unions realize the importance of business products and services, but are concerned about the management and operational requirements involved with offering them. That’s why we are proud of our alliance with CUBC. They bring the expertise and timely solutions to enable credit unions to provide business services to an untapped segment of their membership base.”
About CU Business Capital, LLC
CUBC is a national CUSO focused on helping credit unions offer a full suite of business services including business lending, business deposits, cash management, remote capture, merchant services, business debit and credit cards, training, and consulting. These services are supported with “best-in-class” technology, operational procedures, training, and policies. Its staff is comprised of experienced business lending and cash management professionals, who work with leading industry vendors as strategic partners. CUBC’s approach incorporates existing core systems in making decisions to offer business services. More information is available at
www.cubusinesscapital.com
About Maryland & DC Credit Union Association
The Maryland and District of Columbia Credit Union Association represents 180 credit unions which serve more than 2.5 million member-owners. Credit unions are not-for profit financial cooperatives that are locally-controlled and owned by the people they serve. More information is available at www.mddccua.org. EVERY BUSINESS NEEDS A CREDIT UNION! |