Organization Name: Element 22 Commercial Group

NACUSO Membership: Standard

Year Formed: 2008

Description of Your Services: Developing a quality member business lending (MBL) or commercial loan department can be a daunting task for any executive team. Although business lending can generate increased annual profits, help a local community grow and thrive, and diversify the overall loan portfolio, generally, commercial loans are larger and more complex than personal loans, mortgages, and auto loans. Commercial lending also has the potential to exhaust resources and pose larger risks to the institution. Understanding how to mitigate those risks up front and employing experienced business lenders to lead the department is a recipe for success in the commercial lending arena. Element 22 provides this for you. Principals Kenny Leonard, Ryan Reffitt and their staff bring over 30 years of commercial banking experience to your financial institution. They have started several different commercial lending departments at various institutions and understand the value of keeping portfolios safe and sound, diversified,

Why should a credit union use your services?: Implementation or Review of Member Business Loan (MBL) or Commercial Loan Department Interested in starting a Member Business Lending (MBL) program at your institution? 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. Review an Existing Member Business Loan (Commercial Loan) Department Does your financial institution already have a Member Business Loan or Commercial Loan Department? Have they worked to establish commercial loan policies, processes, procedures, but feel your success and portfolio could increase with an independent review of those items to ensure comp

Number of Credit Union Customers: 65

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/