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Langley FCU Joins CUBC to Introduce Full Business Services Programs
(Newport News, VA and Miramar, FL) – Langley Federal Credit Union (LFCU) becomes an equity partner of CU Business Capital, LLC (CUBC) a business services CUSO)
LFCU and CUBC will design and implement programs that will allow LFCU to offer a complete business services program that includes::
 • Business Loans/ Leases/ Participations
• Business Deposit Products
• E-Banking & Cash Management Servicess
• Business Credit/ Debit Cards with Rewards
• Business Checking
• Business Certificate and Money Market Accounts
• Payment Solutions
• Merchant Services
• Consulting and on-going training
Langley Federal Credit Union is a progressive, full-service financial institution dedicated to excellence in member service for 70 years. LFCU is one of the largest credit unions in the country with approximately $1.1 billion in assets and over 140,000 members worldwide. In addition to its strong service to the military community, LFCU also provides membership benefits to the employees, members, and volunteers of hundreds of businesses and associations in Hampton Roads, Virginia.
“CUBC is an ideal partner for LFCU,” said LFCU President/CEO Jean Yokum. “LFCU needed a complete business services program that would complement our existing services and fulfill the needs of our members. We chose CUBC because of their complete product line that included business deposits, e banking, card services and business lending programs. Plus, CUBC’s core values aligned well with LFCU.”
LFCU will become a Tier 1 equity partner of CUBC, which entitles the credit union to a seat on the CUSO’s board and the opportunity to direct the long-term growth strategy of CUBC.
“LFCU has an impressive history of member service and creativity,” said Bert Bryan, President of CU Business Capital, LLC. “Adding the complete suite of business services to their product line will place LFCU in a unique position for growth. LFCU’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. LFCU’s field of membership will benefit from 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, e banking, 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 LFCU
Langley Federal Credit Union has been in business since 1936. The Credit Union serves 140,000 members and has over 1 billion dollars in assets, ranking the financial institution as one of the top 100 largest credit unions in the nation. www.langleyfcu.org
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