PORTLAND, Oregon – (COMMERCIAL THREAD) – CU Business Group, LLC (“CUBG”), the nation’s largest business services organization (“CUSO”), today announced that it has partnered with Community Capital Technology Inc. (“ Community Capital ”) to take advantage of the online loan marketplace and business intelligence platform to provide their credit union clients with a better and more efficient way to optimize their loan portfolios.
The CUBG Loan Marketplace will make it easier for credit unions to place and seek quality commercial loan holdings, as well as find and connect with other credit opportunities and capital partners. Whether the credit union is a seller looking to improve ROA, lower loan-to-share ratios, or reduce asset concentrations – or a buyer looking to diversify asset classes or access a wider range of assets. transaction flow, CUBG’s exclusive digital community will provide a seamless solution to manage risk and returns on the commercial loan balance sheet.
“Our team is always exploring new opportunities to leverage the latest service and technology solutions to grow our business and deliver real value to credit unions,” said Larry Middleman, President and CEO of CUBG. “This partnership with Community Capital reflects our continued commitment to innovation and finding smarter, smarter ways to help credit unions more effectively manage their commercial loan portfolios and achieve their strategic goals.
“We are thrilled to partner with such a forward-looking company that understands the unique needs of credit unions. By providing both an intuitive and best-in-class digital platform to manage loan participations and expanded access to transaction flows, this partnership will allow us to significantly expand our equity participation program to better meet the demands of the market. growing demand from our credit union customers, ”said Dexter De Mesa. , vice president of strategic initiatives for CUBG.
CEO and Founder of Community Capital, Garrett Smith, added, “We are delighted to be working with the CUBG team, who share our passion for using new technologies to deliver short-term, high-impact solutions to clients. . The CUBG Loan Marketplace fulfills our mission to transform the way community financial institutions manage liquidity and grow their loan portfolios through enhanced transaction research, decision intelligence, and streamlined transactions. Now more than ever, providing cost-effective tools for effective balance sheet management is essential for these institutions, which are essential sources of capital for communities and businesses nationwide.
Smith continued, “As we continue to rapidly expand our ecosystem of institutions across the United States, this partnership with CUBG – and their growing network of over 600 credit unions – demonstrates our deep commitment to the community finance sector. and the important role we can play. by providing state-of-the-art liquidity management solutions.
About CU Business Group, LLC. CU Business Group, LLC, provides business loan, deposit and advisory services to credit unions nationwide. Based in Portland, Oregon, CUBG provides products and technical expertise to credit unions with advanced business programs and all the basics for those just starting out. CUBG has 62 business service professionals and is the industry’s largest business services CUSO, serving more than 625 credit unions in 48 states. www.cubg.org
About Community Capital Technology Inc. (“CCT”). Community Capital is a digital platform for optimizing the management of loan portfolios. The CCT loan transaction market provides regional banks, community banks, CUSOs, credit unions and other non-bank originators or investors of credit a simpler, more profitable and transparent way to buy, sell and / or participate in loans. Member companies are able to effectively find relevant opportunities or partners, actively manage balance sheet risk and generate returns, which translates into better access to capital for their clients and communities. For more information visit: www.communityct.com