 |
|
|
|
 |
 |
| |
|
| |
JAXFCU, CUBC partner to provide business services
(Jacksonville, FL) – Jax Federal Credit Union (JAXFCU) recently became an equity partner of CU Business Capital, LLC (CUBC), a business services CUSO. Jax Federal and CUBC will design and implement programs that will allow JAXFCU to offer a complete business services program that includes:
• Business Loans/ Leases/ Participations
• Business Deposit Products
• Business eServices
• Payment Solutions
• Business Credit/ Debit Cards
• Merchant Services
Jax Federal is a progressive, full-service financial institution dedicated to excellence in member service for 71 years. JAXFCU started as a small credit union serving federal employees and has grown to serve 31,000 members and about $300 million in assets in North Florida/ Jacksonville area. JAXFCU also provides membership benefits to employees, members and volunteers of hundreds of businesses and associations in North Florida.
“CUBC is exactly the type of CUSO we were looking for,” said JAXFCU President and CEO Gerri F. Sexsion. “We needed a complete business services program that would complement our existing services and fulfill the needs of our members. We choose CUBC because of their complete product line that included business deposits, eServices, card services and business lending programs. Plus, CUBC’s core values aligned well with ours.”
JAXFCU will become a Tier 2 equity partner of CUBC, which entitles the Credit Union to discounts off CUBC’s standard pricing structure, a vote to pick a Tier 2 board manager and dividends as granted by the CUBC board.
“JAXFCU has a great opportunity to expand its membership and asset base through the offerings of new products and services in a vibrant and growing community,” said CUBC President Bert Bryan. “Adding the complete suite of business services to their product line will place JAXFCU in a unique position for growth. JAXFCU’s mission of delivering world-class service is clear, and CUBC is honored to play a supporting role.”
This partnership represents another significant step for CUBC’s strategy of enabling credit unions to focus not only on business lending, but also to include business deposits and related services as core products. JAXFCU’s filed of membership will benefit for businesses, associations and groups being fully served using the credit union approach, with competitively priced business membership benefits.
About CU Business Capital, LLC
CUBC is a national CUSO focused on helping credit unions offer a full suite of business services, business deposits, ebanking, payment solutions, card programs and business lending. 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. www.cubusinesscapital.com
About Jax Federal Credit Union
JAXFCU is a member-owned, not-for-profit financial cooperative that returns its revenues, after operating expenses, to its member-owners. Membership is open to anyone who lives, works, learns or worships in Duval, St. Johns, Clay, Baker or Nassau County, Florida, as well as federal employees and their families. With an expanding branch network and a comprehensive online presence, JAXFCU offers checking/ savings accounts, investment options, loan products, eService convenience and soon a complete line of business services. For more information about Jax Federal Credit Union, visit us online at www.jaxfcu.org. |
|
|
|
|
