June 30, 2013 – Today Commercial Alliance completed the acquisition of Cencorp Business Solutions, a Michigan MBL CUSO which services over 100 credit unions in the State of Michigan. The new name of the CUSO will be Commercial Business Solutions (CBS). CBS will complete its move to our Troy headquarters in the next forty-five days and will be housed just down the hall from Commercial Alliance. We will continue to operate CBS as a separate entity, continuing to focus on their core strengths of underwriting, documentation, training, and consulting. Combined, Commercial Alliance and CBS serve over 125 credit unions, underwrite $150 million in new loans annually, and service one quarter of a billion dollars in member business loans. Future plans will be shared as they unfold. Welcome CBS, Dutch, Dean, Brian, Tom, and Terry.
Commercial Alliance will be participating in the MCUL Annual Convention & Exposition being held June 5, 2014 through June 7, 2014 at the Amway Grand Plaza Hotel and DeVos Place in Grand Rapids, Michigan. See you there!
For more information on resources available today to credit unions, contact us.
About Commercial Alliance
Commercial Alliance enables credit unions to offer business lending services to their members and communities. As a credit union service organization (CUSO), Commercial Alliance’s experienced team provides comprehensive infrastructure services for all business lending needs – from policy creation, underwriting, documenting, servicing, and ongoing loan administration.
Commercial Alliance member credit unions experience benefits including:
- a new revenue channel
- increased asset earnings
- membership and deposit growth
- mitigating inherent risks in business lending