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NACUSO Marketplace Provider

Organization Name: Pactola
NACUSO Membership: Standard
Year Formed: 2008
Description of Your Services: We are a CU owned CUSO that works in several areas: * We underwrite, syndicate, service, and manage, large commercial and agricultural loan participations. * We provide back office credit administration services in the areas of commercial and agricultural lending. These include: underwriting, annual risk reviews, problem loan management, government guaranteed loan packaging (SBA, USDA< FSA), document prep, appraisal reviews, evaluation services, departmental set up, secondary marketed agricultural and multifamily loan underwriting. * We have a team of retired examiners with over 35 years experience who handle institutional credit reviews, strategic planning, ALLL analysis, loan review. * We offer lender and management education through an online platform
Services You Provide:
Business Lending:Underwriting Equipment LoansServicing Equipment LoansUnderwriting Inventory LoansServicing Inventory LoansUnderwriting Lines of CreditServicing Lines of CreditReview of Loan PortfoliosConsulting on Business LendingSale/Purchase of Loan Participations in Business Loans
Collection Services:Purchase and Servicing of Non-Performing Loans
Consulting Services:Regulatory Advocacy and AdviceStrategic Planning
Why should a credit union use your services?: We have seasoned professionals who can help your institution successfully grow and serve your members and community better.
Number of Credit Union Customers: 76
Percentage of Users/Customers that are Credit Unions: 95
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
Contact Information:Phil LovePresident2700 N Plaza Dr.
Rapid City, SD 57702
Gary StoleyDirector of Institutional Credit Review2700 N Plaza Dr.
Rapid City, SD 57702

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