NACUSO Marketplace Provider
Organization Name: Member Business Financial Services
NACUSO Membership: Standard
Year Formed: 2008
Description of Your Services: MBFS is a Credit Union Service Organization owned by credit unions, for credit unions. MBFS provides a wide variety of business services to its credit union clients, including credit analysis, SBA loan support, loan document preparation, shared relationship manager programs, portfolio risk management, and loan servicing. MBFS also owns and operates Nu Direction Lending. This division operates the credit union friendly version of the of the online business loan designed to give small businesses fast, fair, and transparent non-real estate loans. In 2020 and 2021 MBFS also provided support for SBA PPP loans---hopefully we never have to offer that service again...
Services You Provide:
Business Lending:Sourcing Commercial Mortgage LoansUnderwriting Commercial Mortgage LoansServicing Commercial Mortgage LoansSourcing Equipment LoansFunding Equipment LoansUnderwriting Equipment LoansServicing Equipment LoansSourcing Inventory LoansFunding Inventory LoansUnderwriting Inventory LoansServicing Inventory LoansSourcing Lines of CreditFunding Lines of CreditUnderwriting Lines of CreditServicing Lines of CreditConsulting on Business LendingSale/Purchase of Loan Participations in Business Loans
Why should a credit union use your services?: MBFS and Nu Direction Lending make it easy to help members with business needs. We offer a low cost point of entry and our CUSO succeeds when you succeed.
Number of Credit Union Customers: 80
Percentage of Users/Customers that are Credit Unions: 98
Are You a CUSO?: Yes
Are there investment opportunities for credit unions?: Yes
Describe Your Business Model:Fee for services.Cost containment through economies of scale.
Are you currently seeking additional users/customers?: Yes
Do you offer discounts or other benefits for NACUSO Members?: No
Website Link: https://www.mbfs.org/
Contact Information:Mark RitterCEO of MBFS & Nu Direction Lending2655 Interplex Dr
Suite 104
Trevose PA 19053484-832-2879info@mbfs.org
Suite 104
Trevose PA 19053484-832-2879info@mbfs.org
Additional Information:
Check out our other company, Nu Direction Lending at https://nudirectionlending.com/
Follow us on LinkedIn!
https://www.linkedin.com/company/member-business-financial-services/