January 2017 - 2016 was a very good year. The Alliance booked over $150 million in new loans and saw our servicing portfolio grow to $500 million.
Since inception, Commercial Alliance has provided comprehensive loan services to our credit unions, from training our members, to consulting, underwriting, documenting, and servicing business loans. The experienced staff of Commercial Alliance with hundreds of years of cumulative experience continues to mitigate the inherent risks in business lending for our credit unions through our disciplined approach, combining that experience with clear process and procedure to address all the necessary back room functions. This allows our credit unions to focus on developing these MBL relationships as well as being an integral part of their local business communities.
Going into 2017, we will be expanding our
training curriculum. Posting of webinars
and training events will soon be available.
With the changes coming from the NCUA we will be
focusing on giving credit unions the opportunity
to "come up to speed" as they enter and mature
in the MBL arena.
Stop by to visit us at CUES Future Summit 2017 being held at the MGM Grand Detroit on February 7 and 8, 2017. Also this year we will be participating at the annual MCUL AC&E being held June 8th and 9th at the Amway Grand in Grand Rapids, Michigan. See you then!
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
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