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NACUSO Marketplace Provider

Organization Name: Michigan Business Connection
NACUSO Membership: Standard
Year Formed: 2004
Description of Your Services: Full service commercial lending CUSO serving Credit Unions in Michigan with all aspects of commercial lending: policy development, compliance, training, marketing, origination, underwriting, servicing and portfolio management.
Services You Provide:
Business Lending:Sourcing Commercial Mortgage LoansFunding 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 CreditReview of Loan PortfoliosConsulting on Business LendingSale/Purchase of Loan Participations in Business Loans
Why should a credit union use your services?: Our model is based on the shared cost, shared risk CUSO philosophy, resulting in a program partnership result, not transactional vendorship. We keep the number of credit unions we partner with small to ensure intimacy and effectiveness in serving communities and members.
Number of Credit Union Customers: 25
Percentage of Users/Customers that are Credit Unions: 100
Are You a CUSO?: Yes
Are there investment opportunities for credit unions?: No
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
Contact Information:Bill BeardsleyCEO2200 Commonwealth Blvd, Ann Arbor MI

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