Organization Name: Element 22 Commercial Group

NACUSO Membership: Standard

Year Formed: 2018

Description of Your Services: Element 22 Commercial Group leverages decades of expertise in commercial lending and strategic planning to empower financial institutions and businesses nationwide by assisting in telling their unique stories, diversifying portfolios, mitigating risks, and streamlining the commercial lending process. A quality and effective Member Business Lending (MBL) or commercial loan department can boost annual profits, foster community development, and diversify loan portfolios, yet it entails larger and more complex financial structures than personal loans, mortgages, and auto loans. We are pleased to offer tailored commercial lending solutions, enabling your organization to invest in it what it genuinely needs. Additionally, our loan participation portal facilitates effortless portfolio diversification for your institution. Element 22 strives to create mutually beneficial relationships between the financial institution, commercial lenders and business owners.

Why should a credit union use your services?: With a focus on income generation and risk mitigation, we mold our recommendations to your institution’s risk parameters and work hand-in-hand with you to build something great. Our extensive experience, quick turnaround times, and customized strategies set us apart in the industry. Element 22 utilizes the extensive knowledge of industry experts to effectively close the commercial loan gap, ultimately cultivating growth and prosperity for your financial institution, members, and clients. We can assist with the entire implementation and support after the program is launched. We will provide the custom policies, procedures and processes specific to your institution. From there we can be as much or as little of your MBL department as you would like. We can even represent your loan department as contracted loan officers and meet with your members, propose loan structure, underwrite, order due diligence, prepare closing documents and service the loan for you.

Number of Credit Union Customers: 130

Percentage of Users/Customers that are Credit Unions: 95

Are You a CUSO?: Yes

Are there investment opportunities for credit unions?: Yes

Are you currently seeking additional users/customers?: Yes

Do you offer discounts or other benefits for NACUSO Members?: No

Website Link: https://www.element22cg.com

Additional Information:

https://www.element22cg.com/financial-institutions/financial-services/