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Bay Gulf Joins CUBC to Introduce Business Services
(Tampa, Fl and Miramar, FL) – Bay Gulf Credit Union (BGCU) has joined with CU Business Capital (CUBC) in providing a full range of business services. With the announcement, BGCU becomes an equity investor of CU Business Capital, LLC (CUBC), a business services CUSO (Credit Union Service Organization).
BGCU and CUBC have designed programs that will allow PARAGON to offer complete business services programs that include:
- Business Loans/Leases & Participations
- Business Deposit Products
- Business Checking
- Business Certificate and Money Market Accounts
- Business On-Line E-Banking
- Business Debit Cards
- Payment Solutions
- Merchant Services
- Consulting and on-going training
BGCU has been providing personal financial services to its members since 1956. BGCU serves Federal employees, a diverse group of companies through out the Tampa Bay Area as well as 23 zip code areas of Tampa Bay. BGCU has grown to more than 26,000 members strong and prides itself on their reputation of providing quality products and services to its members in a warm and friendly environment. In December BGCU will celebrate their 9th and 10th branch locations opening.
“Bay Gulf Credit Union is fortunate to be located in such a thriving area. With the growth experience in the Tampa Bay area, Bay Gulf finds itself in a unique position to add Business Services for our existing members, potential members and other businesses, associations and organizations that are looking for stellar service and stability that Bay Gulf has provided for the past 50 years. Joining a CUSO was the ideal solution for BGCU to harness the expertise and experience necessary to deliver the quality products and high level of service that our members have become accustomed to. CUBC was the only CUSO we found with the vision and ability to help BGCU achieve its goals.” said Bill DeMare, President and CEO of BGCU.
BGCU will become a Tier II equity partner of CUBC entitling BGCU to pricing discounts on CUBC services and patronage as indicated by CUBC board of directors.
“Adding BGCU as a partner helps CUBC fulfill its mission of ACCELERATING MEMBERSHIP AND ASSET GROWTH for our credit unions,” said Bert Bryan, President of CU Business Capital, and LLC. “Including a complete suite of business services to their product line will place BGCU in a unique position in the Tampa, Florida area to increase market share and membership. BGCU’s mission 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 on business deposits and related services as core products. Businesses, associations and other organizations in the Tampa Bay area will benefit from this full-service, credit union approach for business banking services.
About CU Business Capital, LLC
CUBC is a national CUSO focused on helping credit unions offer a full suite of business services, business deposits, cash management, 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. See their web site at www.cubusinesscapital.com
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